Trump Media replaces CEO Devin Nunes as its losses top $1 billion

https://www.cbsnews.com/news/trump-media-devin-nunes-leaving-kevin-mcgurn-crypto-djt-stock/?utm_source=firefox-newtab-en-us

Nunes, a former Republican congressman, oversaw the social media platform's stated mission to provide "a safe harbor for free expression." Despite serving as a pulpit for Mr. Trump's frequent posts, Truth Social has struggled to attract advertisers. The company's revenue has risen only 1.8% over the past year, while it has lost more than $1 billion since going public two years ago, according to its most recent annual report.

Trump Media's stock price tumbled 58% during the previous 12 months, erasing billions in shareholder value. Valued at close to $10 billion when it went public in March 2024, the company now has a market capitalization of $2.7 billion, according to FactSet.

Shares of Trump Media traded at $9.78 on Wednesday.

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"Truth"Social. Hosting a platform for the planets biggest liar to post thousands of lunatic screeds using a name that accurately describes exactly what it IS NOT.

Comments

Re: Truth Social loses $1 billion+

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By metmike - April 23, 2026, 11:29 a.m.

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Get the latest news from "Truth" Social's weather department:

Re: Iran War 3/25/26+ (cont. from 3/8-25/26 thread)

By metmike - March 28, 2026, 10:55 p.m.

In other news from the White House Weather Center:

Re: Re: Truth Social loses $1 billion+

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By metmike - Oct. 17, 2026, 12:07 a.m.

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Truth Social

https://en.wikipedia.org/wiki/Truth_Social

There is no other company with massive losses like this that continues to operate and pile up even more massive losses. Only Donald Trump's power to exploit fraudulent strategies keeps it going.