Headline Roundup • April 22nd, 2026
Trump Media Group Replaces CEO Devin Nunes
Summary from the AllSides News Team
The Trump Media and Technology Group, parent company to President Donald Trump's "Truth Social" platform, named an interim CEO after former Congressman Devin Nunes stepped down from the position.
The Details: Trump's eldest son, Donald Trump Jr., announced on Tuesday that Kevin McGurn will take over as interim CEO. The company did not provide a timeline for finding a permanent replacement nor cite a reason for Nunes' departure.
For Context: Though the company's stock value increased just before the November 2024 election, it reported significant financial losses in the year following, losing a net $712 million in 2025. Two other board members stepped down in March and early April.
How the Media Covered It: Outlets on the left emphasized the company's financial losses, with Associated Press (Left bias) noting the "stock plunge that wiped out billions" in its headline. AP reported that more than $6 billion in investor wealth has been wiped out since Trump's re-election. Outlets on the left and center also highlighted that the company replaced him, while Fox Business (Lean Right) wrote that Nunes "stepped aside." Fox also focused reporting on statements from Nunes and McGurn, though it briefly mentioned that the company "continues to report significant losses relative to its revenue." Reuters (Center) wrote that Trump Media "has faced challenges in scaling its media business" due to competition from larger social network sites.
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AP Photo/John Minchillo, File
The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as the leader of the social media platform after a stock collapse that wiped out billions in investor wealth.
Devin Nunes, a former California congressmen in Donald Trump's first term, is being replaced temporarily by digital media executive Kevin McGurn as chief executive officer. The company, Trump Media & Technology, didn't give a reason for Nunes leaving or provide a timeline for his permanent replacement.
Trump Media & Technology Group on Tuesday named an interim chief executive as Devin Nunes stepped aside, marking a leadership transition at the parent of Truth Social following recent board departures and steep financial losses in 2025.
The company appointed longtime advisor Kevin McGurn as interim CEO effective immediately, succeeding Nunes, who has led the company since 2022. McGurn brings more than two decades of experience across media, telecommunications and advertising technology, according to the company.
Trump Media & Technology Group (DJT.O), opens new tab, known for its Truth Social platform, on Tuesday named industry veteran Kevin McGurn as its interim chief executive officer, effective immediately.
McGurn, who has been an advisor to Trump Media since December 2024, has over two decades of leadership experience at major media and technology companies. He will succeed current CEO Devin Nunes.
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