"I want to thank Devin Nunes for his dedicated service to the Company over the past four years, and congratulate Kevin McGurn on his appointment as Interim CEO. Kevin brings deep experience across media, technology, and capital markets, as well as a strong understanding of Trump Media's operations and strategic priorities."
"After I joined Trump Media in 2022, we experienced one of the longest SPAC merger approval processes in history, went public in March 2024, and oversaw the Company's expansion over the next two years."
"During that time, the Company grew from a social media start-up into a public company with a multi-billion dollar valuation, increasing its financial assets from approximately $200 million when the merger closed to around $2.5 billion at the end of 2025."
Devin Nunes has stepped down as CEO of Trump Media following a significant net loss of $712 million in 2025. Kevin McGurn has been appointed as Interim CEO, bringing extensive experience in media and technology. Nunes defended his tenure, highlighting the company's growth from a start-up to a public entity with a valuation of approximately $2.5 billion. Under his leadership, the company achieved positive cash flow for the 2025 calendar year despite challenges during the SPAC merger process.
Read at www.mediaite.com
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