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News & Current Events Apr 22, 2026 at 12:45 AM

Trump media company replaces CEO, ex-congressman Nunes after stock plunge that wiped out billions

Posted by AudibleNod


Trump media company replaces ex-congressman Nunes as CEO after stock plunge that wiped out billions
AP News
Trump media company replaces ex-congressman Nunes as CEO after stock plunge that wiped out billions
The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as leader of the social media platform after a stock collapse in the past year.

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Kneph Apr 22, 2026 +1070
I hope there’s a day where I never have to hear about these losers again.
1070
Ilikepancakes87 Apr 22, 2026 +218
We’ll all die someday.
218
Dmopzz Apr 22, 2026 +85
Thank god for a silver lining.
85
newfor_2026 Apr 22, 2026 +12
they too , will die some day...
12
FreeUsePolyDaddy Apr 22, 2026 +13
Unfortunately they seem to breed like cockroaches.
13
JesusHandjobPalms Apr 22, 2026 +3
Fortunately my will to live doesn’t have to keep up with the those future generations.
3
Traherne Apr 22, 2026 +1
You mean if Trump pushes the button they'll survive?!
1
Tenroh_ Apr 22, 2026 +50
DevinNunesCow was great.
50
ilovefacebook Apr 22, 2026 +17
wasnt it so nice a few years ago when Biden was in office? didn't have to wake up to literal wars started via social media. or rants about windmills. or arches. or kidnapping foreign presidents. or doge. or...
17
ikesbutt Apr 22, 2026 +5
It was calm..........hasn't been since the orangutan was elected again. Total chaos EVERY F****** DAY
5
MichaCazar Apr 22, 2026 +4
Pretty sure the world got a lot more crazy ever since Harambe died. Probably was load-bearing to our timeline or something.
4
ikesbutt Apr 22, 2026 +1
I'm glad you took my post seriously
1
MichaCazar Apr 22, 2026 +1
I am, the insanity didn't start with him getting elected, but before that during campaigns and stuff.
1
Jeffylew77 Apr 22, 2026 +1
The day we lost the losers. Can’t wait
1
soulsteela Apr 22, 2026 +1
The heat death of the universe really needs to up its game, chop chop, what ya waiting for lets burn already.
1
loves_grapefruit Apr 22, 2026 -32
That’s the day when you’ll wish you were still hearing about these losers compared to what you’ll be hearing about then.
-32
Remarkable-Bug-8069 Apr 22, 2026 +3
What, no more birdbrains starting stupid wars? No more pedophiles in the White House?
3
AudibleNod Apr 22, 2026 +451
Unrelated, where is the [T1 Trump phone](https://www.theverge.com/gadgets/843498/trump-phone) at? Is it going to be made in America? Will women swoon at the sight of it?
451
Mountain_rage Apr 22, 2026 +162
He needs to wait till after the midterm to file bankruptcy and run off with their cash.
162
AudibleNod Apr 22, 2026 +111
Our cash: [Trump and the IRS are in talks to resolve his $10 billion lawsuit over leaked tax records](https://www.nbcnews.com/politics/donald-trump/trump-irs-talks-resolve-10-billion-lawsuit-tax-records-leak-rcna333854)
111
Mobile-Bar7732 Apr 22, 2026 +67
> Littlejohn admitted in court that he also stole the tax records of thousands of other wealthy people in 2019 and 2020, including Jeff Bezos and Elon Musk. Does that mean the other thousands of people whose leaked tax records get $10 billion each? How about the amount they receive should not exceed the amount of tax they paid? In the case of Trump and many other wealthy people that would amount to close to nothing. Other presidents volunteered their tax records openly.
67
Jesus_Is_My_Gardener Apr 22, 2026 +26
So did he before he repeatedly backtracked and made up excuses that he was being audited and couldn't release them. Complete horseshit of course.
26
imperfekt Apr 22, 2026 +7
How the f*** was this only 10 years ago? My personal sense of time has become so warped since this muppet came into office.
7
EmpZurg_ Apr 22, 2026 +17
How about the social security breach that contains every person to have ever received an SSN.
17
refsoccer11 Apr 22, 2026 +17
He has already done that. 600,000 deposits at $100 each. No refunds. They scammed the MAGA base for 60 million dollars and they will never deliver anything.
17
uwillnotgotospace Apr 22, 2026 +29
I wonder if any of the folks who went to Trump University are working for him now.
29
Dalisca Apr 22, 2026 +18
I doubt he ever hires his own low-end rubes. And thanks in a large part to Pam Bondi (who dismissed a fraud inquiry into Trump University in exchange for a measly $25K donation), those rubes will never see a cent in compensation despite never receiving any instruction or education for their troubles.
18
gummilingus Apr 22, 2026 +5
Let's be honest, they definitely got an education. I wonder how many still voted for him afterwards.
5
kevnmartin Apr 22, 2026 +3
All of them. Anyone stupid enough to shell out cash to go to Trump U is not going be too quick on the uptake.
3
KAugsburger Apr 22, 2026 +3
They definitely got a lesson about being gullible. How many of them actually learned from that experience is unclear.
3
lostroadrunner22 Apr 22, 2026 +24
I’m still waiting for my Trump steaks an trump wine. The Trump condoms arrived slightly used, also.
24
DogPlane3425 Apr 22, 2026 +8
I would think we all have too much of Trump whine!
8
lostroadrunner22 Apr 22, 2026 +5
Least the b****** do is toss in some cheese for all that whine
5
FTwo Apr 22, 2026 -1
You want trump fromunda cheese?
-1
WhatamItodonowhuh Apr 22, 2026 +5
If you cut the first half inch off those condoms, they've never been touched on the inside.
5
thened Apr 22, 2026 +6
Trump Steaks did exist but the only place to get them was at The Sharper Image.
6
Shopworn_Soul Apr 22, 2026 +8
I ran a Sharper Image store during that time and despite being the highest volume store in our region, we sold exactly four boxes during the entire promotion. And one of those was a joint purchase by several salespeople to see if they were any good. They were basically just Omaha steaks, but more expensive.
8
thened Apr 22, 2026 +3
Way more expensive. They were rebranded Buckhead beef.
3
Shopworn_Soul Apr 22, 2026 +4
Well, no one wanted them either way. Even a crew used to hard selling snake oil bullshit all day couldn't move them.
4
thened Apr 22, 2026 +3
And this was at the height of his tv popularity.
3
Mobile-Bar7732 Apr 22, 2026 +3
My kids are going to go to Trump University. Learn how to drop prices by 1200% and in some cases 1500%. They are going to be winners.
3
hazzledazzle Apr 22, 2026 +6
I bought the deluxe phone (it comes with a girlfriend, its Bidens fault I can't get a girlfriend) THANK YOU FOR YOUR ATTENTION IN THIS MATTER 
6
Alert_Reindeer_6574 Apr 22, 2026 +2
Trump whines every damn day.
2
The_Holy_Turnip Apr 22, 2026 +5
It comes with a magic ringtone that hypnotizes children into following you for as long as you play it.
5
greatthebob38 Apr 22, 2026 +2
Highly doubt it will happen. And if it does, it won't be what they promised. It doesn't feel "Proudly American" when you have to stamp "Made in China" on the back. I have a feeling whatever Chinese company is making it for them is either being stalled by the CCP or has not received a down payment from Trump to start the production run.
2
__slamallama__ Apr 22, 2026 +3
Bold of you to assume they did literally any planning or work on this beyond editing the picture of a phone to be gold and America themed. Presumably ChatGPT wrote all the copy on the website.
3
MrDrumline Apr 22, 2026 +2
The flag is missing a few stripes. Love to see it.
2
okimlom Apr 22, 2026 +1
It will be out in two weeks
1
RavinMunchkin Apr 22, 2026 +1
He doesn't care about swooning women, just young, teenage girls
1
The_Grungeican Apr 22, 2026 +1
is this a serious question? the answer is obvious. two weeks.
1
boxsterjax Apr 22, 2026 +1
I heard there will be news about it in two weeks. /s
1
KAugsburger Apr 22, 2026 +1
That will be during infrastructure week? Right?
1
MoleMoustache Apr 22, 2026 -1
Sarcasm tags ruin every joke to which they're attached
-1
SSN_on_liquid_sand Apr 22, 2026 +192
I knew this day would come the moment he took the job. Only a complete idiot would leave Congress to run a company owned by Trump.
192
Zinfan1 Apr 22, 2026 +91
He lasted far far longer than I ever expected him to and I'm sure his time in Congress schooled him well on how to embezzle from a company.
91
watchsmart Apr 22, 2026 +49
He  was paid 47 million dollars, per the article.
49
WCland Apr 22, 2026 +20
I expect that wasn’t $47m cash but shares in the company, which often include restrictions on cashing out and vesting rules. So those shares may have been worth that much in 2024, but now?
20
qweef_latina2021 Apr 22, 2026 +4
Not a cash cow, one could say.
4
watchsmart Apr 22, 2026 +3
Shares are down about 75% since then so perhaps a cool ten million.
3
TheForeverUnbanned Apr 22, 2026 +12
Dude had beef with a cow, he was going to go do something stupid no matter what. 
12
SSN_on_liquid_sand Apr 22, 2026 +4
I live in a couple districts over in California, I am aware and still derive some satisfaction about that. He's kinda a poster child for why California republicans are an endangered species that can survive only in specific political niches.
4
beyondplutola Apr 22, 2026 +13
Nunes would have lost in November anyway. His district was changed to Dem under passage of California Prop 50 last year.
13
SSN_on_liquid_sand Apr 22, 2026 +16
He left congress four years ago, so that's four years where we could have suffered his presence that we didn't.
16
keonyn Apr 22, 2026 +1
I can't even remember which idiot Devin Nunes is. There's so many right wing morons I've literally lost track of who's who.
1
DFWPunk Apr 22, 2026
He made $46 million last year.
0
nfstern Apr 22, 2026 +54
Anybody heard from his cow lately?
54
HeatWaveToTheCrowd Apr 22, 2026 +9
Didn’t realize he was married
9
JiveChicken00 Apr 22, 2026 +50
Wiped out billions? Anyone who invested in Truth Social deserves whatever they get.
50
yo2sense Apr 22, 2026 +19
There was dumb money in the pile but I imagine for a lot of 'investors' it was just another money laundering scheme for bribing Trump.
19
No-Grade-3533 Apr 22, 2026 +5
i think they meant to say "provide liquidity for trump family to cash out, as planned"
5
TonySu Apr 22, 2026 +33
We’ve just accepted that the President can list a company during an election campaign and anonymous investors can just hand him money.
33
TheMightyPushmataha Apr 22, 2026 +22
In case you ever want to steal hundreds of millions of dollars from the government and be able to launder that cash so that you’ll never be prosecuted, here is how you could do it: >The company has recently b ranched into cryptocurrency and another hot business, prediction markets. The latter are online betting venues in which people can wager on sports, entertainment and political events. >Both **cryptocurrencies and prediction markets** have gotten boosts from the Trump administration, in terms of lighter regulation and outright promotion. Last year, for instance, the Trump established a national bitcoin reserve, pushing up the value of that currency. >McGurn, has worked at NBC Universal, Hulu and DoubleClick, among other companies, according to his LinkedIn profile. **He is also the CEO of a new shell company that Trump’s two oldest sons, Donald Jr. and Eric, joined last year to buy U.S. manufacturers. That company originally stated in regulatory filings that it would be targeting businesses hoping to tap federal contracts, which would be awarded by the same government run by their father.**
22
Particular_Ticket_20 Apr 22, 2026 +16
Somewhere, Chip Roy is taking dictation from Don Jr on a bailout bill for Trump Media based on national security concerns.
16
Ok-Blood4340 Apr 22, 2026 +6
It is a “fusion” company now. Stupidest timeline.
6
charcoalist Apr 22, 2026 +5
And that place is called the "[Executive Branch](https://www.politico.com/news/magazine/2025/09/08/scott-bessent-bill-pulte-blowup-00549956)," a private club that Jr. runs. Short drive from the White House.
5
rossmosh85 Apr 22, 2026 +9
Good. This stock should have a $.01 value.
9
Silly-Low6019 Apr 22, 2026 +22
Wow he gave up his political career for nothing. Poor guy Nunes.
22
Cheese0089 Apr 22, 2026 +27
I'm sure the years of grifting has paid him well
27
watchsmart Apr 22, 2026 +21
Per the article, he was paid 47 million dollars in 2024 alone.
21
reala728 Apr 22, 2026 +7
damn. just 1 mil, one time, and i dont think i'd have to worry about finances ever again.
7
D1rtyH1ppy Apr 22, 2026 +2
I think he only left politics because he wasn't going to be reelected in his district.
2
helava Apr 22, 2026 +7
How could anyone have predicted Devin Nunes would be an unqualified failure???
7
Sorry-Climate-7982 Apr 22, 2026 +7
Ah yes Devin Nunes. The person who insisted on violating the rules of the House Intelligence Committee. Rewarded obviously. And abandoned just like every other Trump supporter when no longer useful. "There must be some way out of here" Said the joker to the thief ...And another one gone, and another one gone
7
whatproblems Apr 22, 2026 +5
billions that it was never worth lmao
5
JerryDipotosBurner Apr 22, 2026 +5
> After soaring shortly before Trump’s re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth. This is what we like to call a “pump and dump”, kids
5
soldat7 Apr 22, 2026 +6
Forgot about him. He’s the cow dude, right?
6
thput Apr 22, 2026 +3
Really anyone that bought into his scams kinda deserve it.
3
JoeSicko Apr 22, 2026 +3
This is the best possible outcome for Nunes. Take that golden parachute and enjoy life.
3
The-Traveler- Apr 22, 2026 +3
Is the cow going to be okay? (Google Devin Nunes’ cow)
3
PatBenatari Apr 22, 2026 +3
I will sue a cow in anger!
3
SpareDot8685 Apr 22, 2026 +3
At least Nunes will be able to spend more time with his cows now. 
3
SunMyungMoonMoon Apr 22, 2026 +3
I heard it through the bovine...
3
Ornery-Ticket834 Apr 22, 2026 +2
Devon Nunes is a walking three ring circus 🤡.
2
bwoah07_gp2 Apr 22, 2026 +2
The truth is, his media company sucks 😂😂
2
No_Direction6688 Apr 22, 2026 +2
Truth Social was doomed to fail even before it began. It was pre-ordaine.
2
Equivalent-Resort-63 Apr 22, 2026 +2
He’s probably hiding in the bushes now.
2
charcoalist Apr 22, 2026 +2
So Kash Patel's former boss Nunes is out, is Kash next?
2
4RCH43ON Apr 22, 2026 +2
Devin Nunes’ cow says moooo-hoooo!
2
Iamanimite Apr 22, 2026 +2
Will Nunez sue the cow... Again????
2
DonnieTrimp45 Apr 22, 2026 +2
Ah yes, Devin and his cow. I miss that loser.
2
Sweatytubesock Apr 22, 2026 +2
Nunes might be an even bigger loser than Trump. Rest in piss, scumbag.
2
New_Housing785 Apr 22, 2026 +2
They don't realize they are incompetent because that is the goal of the GOP is to make the government look incompetent.
2
gaieges Apr 22, 2026 +1
That will definitely make it seem less like a scam..
1
Novel-Lifeguard6491 Apr 22, 2026 +1
The new interim comes from Hulu and T-Mobile, which suggests the board is hoping media distribution experience can do what political loyalty couldn't.
1
Calm-Maintenance-878 Apr 22, 2026 +1
That’s an interesting stock, I alway wonder how many trump voters bought it thinking it was a steal. I mean it was a steal…just not for them😅
1
StoreRevolutionary70 Apr 22, 2026 +1
Best news I’ve heard in a while.
1
marrklarr Apr 22, 2026 +1
That’s what you get for letting Evil Michael Scott run your company.
1
Alert_Reindeer_6574 Apr 22, 2026 +1
Any word on what happened to the cow?
1
rhetheo100 Apr 22, 2026 +1
Grift stock..Maggats lap it up
1
GetsBetterAfterAFew Apr 22, 2026 +1
I seriously don't believe this, because theyve already stole billions, they dont care at this point, theyve already won.
1
mindfungus Apr 22, 2026 +1
How is its market cap over $3?
1
Lovecraft3XX Apr 22, 2026 +1
Nunes laughing all the way to the bank.
1
shayKyarbouti Apr 22, 2026 +1
Should’ve replaced Nunez with his cow. Probably the same result but paid less
1
ArbitraryMeritocracy Apr 22, 2026 +1
Why can't writers just say he's using "litament" fronts on paper, stocks get pumped by "investors" of foreign influence, and he leaves everyone holding the bag?
1
biznash Apr 22, 2026 +1
at least he still has his life in Fresno 😛
1
RAMacDonald901 Apr 22, 2026 +1
DJT has been losing money since day 1.
1
Windfade Apr 22, 2026 +1
Remember that time his eyes buldged on live TV when secret memos and various evidence started getting read outloud?
1
R67H Apr 22, 2026
Back to the farm! Wait... I kinda live near him. Can he, like, stay there a bit?
0
brickyardjimmy Apr 22, 2026
Nunes for the win! Maybe he's secretly working for good America
0
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