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International Business Times UK
International Business Times UK
Chelsie Napiza

Trump Media Lost £544 Million on £2.8 Million in Revenue as Stock Plummets: CEO Devin Nunes Just Called It Quits

Devin Nunes Trump Media Kevin McGurn Donald Trump Donald Trump Jr. Truth Social DJT Bitcoin

Trump Media announced on 21 April 2026 that Nunes had stepped down as Chief Executive and Chairman, with adviser Kevin McGurn taking over as Interim CEO effective immediately.

The departure comes less than two months after the company filed its full-year 2025 results with the Securities and Exchange Commission, disclosing a net loss that dwarfed its revenue by a ratio of nearly 193 to one. DJT shares, which briefly traded above £50 ($66) at the stock's public debut in March 2024, have since fallen to approximately £7 ($9) in April 2026.

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