Trump Media CEO Devin Nunes Exits as TMTG Stock Plummets 90%

Gate News message, April 22 — Trump Media & Technology Group Corp. (TMTG) CEO Devin Nunes departed late Tuesday (April 21), marking a significant leadership change for the struggling social media company. The departure underscores TMTG's failure to leverage the president's influence into a successful social media platform.

TMTG's stock has plunged 90% since its debut. Nunes, a former dairy farmer and MAGA congressman, was recruited to lead the company over four years ago. Despite Truth Social's prominence on Wall Street—where traders closely monitor White House posts that can move markets—the company's stock has fallen sharply out of favor.