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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 18 hr ago +1070
I hope there’s a day where I never have to hear about these losers again.
1070
Ilikepancakes87 18 hr ago +218
We’ll all die someday.
218
Dmopzz 17 hr ago +85
Thank god for a silver lining.
85
newfor_2026 15 hr ago +12
they too , will die some day...
12
FreeUsePolyDaddy 15 hr ago +13
Unfortunately they seem to breed like cockroaches.
13
JesusHandjobPalms 15 hr ago +3
Fortunately my will to live doesn’t have to keep up with the those future generations.
3
Traherne 9 hr ago +1
You mean if Trump pushes the button they'll survive?!
1
Tenroh_ 17 hr ago +50
DevinNunesCow was great.
50
ilovefacebook 14 hr ago +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 10 hr ago +5
It was calm..........hasn't been since the orangutan was elected again. Total chaos EVERY F****** DAY
5
MichaCazar 9 hr ago +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 9 hr ago +1
I'm glad you took my post seriously
1
MichaCazar 9 hr ago +1
I am, the insanity didn't start with him getting elected, but before that during campaigns and stuff.
1
Jeffylew77 15 hr ago +1
The day we lost the losers. Can’t wait
1
soulsteela 12 hr ago +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 17 hr ago -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 13 hr ago +3
What, no more birdbrains starting stupid wars? No more pedophiles in the White House?
3
AudibleNod 18 hr ago +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 18 hr ago +162
He needs to wait till after the midterm to file bankruptcy and run off with their cash.
162
AudibleNod 17 hr ago +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 17 hr ago +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 17 hr ago +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 15 hr ago +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_ 17 hr ago +17
How about the social security breach that contains every person to have ever received an SSN.
17
refsoccer11 16 hr ago +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 18 hr ago +29
I wonder if any of the folks who went to Trump University are working for him now.
29
Dalisca 16 hr ago +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 16 hr ago +5
Let's be honest, they definitely got an education. I wonder how many still voted for him afterwards.
5
kevnmartin 15 hr ago +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 14 hr ago +3
They definitely got a lesson about being gullible. How many of them actually learned from that experience is unclear.
3
lostroadrunner22 18 hr ago +24
I’m still waiting for my Trump steaks an trump wine. The Trump condoms arrived slightly used, also.
24
DogPlane3425 17 hr ago +8
I would think we all have too much of Trump whine!
8
lostroadrunner22 17 hr ago +5
Least the b****** do is toss in some cheese for all that whine
5
FTwo 17 hr ago -1
You want trump fromunda cheese?
-1
WhatamItodonowhuh 17 hr ago +5
If you cut the first half inch off those condoms, they've never been touched on the inside.
5
thened 18 hr ago +6
Trump Steaks did exist but the only place to get them was at The Sharper Image.
6
Shopworn_Soul 17 hr ago +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 17 hr ago +3
Way more expensive. They were rebranded Buckhead beef.
3
Shopworn_Soul 17 hr ago +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 17 hr ago +3
And this was at the height of his tv popularity.
3
Mobile-Bar7732 17 hr ago +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 18 hr ago +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 17 hr ago +2
Trump whines every damn day.
2
The_Holy_Turnip 17 hr ago +5
It comes with a magic ringtone that hypnotizes children into following you for as long as you play it.
5
greatthebob38 17 hr ago +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__ 16 hr ago +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 16 hr ago +2
The flag is missing a few stripes. Love to see it.
2
okimlom 15 hr ago +1
It will be out in two weeks
1
RavinMunchkin 11 hr ago +1
He doesn't care about swooning women, just young, teenage girls
1
The_Grungeican 10 hr ago +1
is this a serious question? the answer is obvious. two weeks.
1
boxsterjax 17 hr ago +1
I heard there will be news about it in two weeks. /s
1
KAugsburger 14 hr ago +1
That will be during infrastructure week? Right?
1
MoleMoustache 13 hr ago -1
Sarcasm tags ruin every joke to which they're attached
-1
SSN_on_liquid_sand 18 hr ago +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 17 hr ago +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 17 hr ago +49
He  was paid 47 million dollars, per the article.
49
WCland 17 hr ago +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 17 hr ago +4
Not a cash cow, one could say.
4
watchsmart 15 hr ago +3
Shares are down about 75% since then so perhaps a cool ten million.
3
TheForeverUnbanned 16 hr ago +12
Dude had beef with a cow, he was going to go do something stupid no matter what. 
12
SSN_on_liquid_sand 16 hr ago +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 17 hr ago +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 17 hr ago +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 12 hr ago +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 17 hr ago
He made $46 million last year.
0
nfstern 18 hr ago +54
Anybody heard from his cow lately?
54
HeatWaveToTheCrowd 17 hr ago +9
Didn’t realize he was married
9
JiveChicken00 17 hr ago +50
Wiped out billions? Anyone who invested in Truth Social deserves whatever they get.
50
yo2sense 17 hr ago +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 14 hr ago +5
i think they meant to say "provide liquidity for trump family to cash out, as planned"
5
TonySu 17 hr ago +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 17 hr ago +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 17 hr ago +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 17 hr ago +6
It is a “fusion” company now. Stupidest timeline.
6
charcoalist 16 hr ago +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 16 hr ago +9
Good. This stock should have a $.01 value.
9
Silly-Low6019 17 hr ago +22
Wow he gave up his political career for nothing. Poor guy Nunes.
22
Cheese0089 17 hr ago +27
I'm sure the years of grifting has paid him well
27
watchsmart 17 hr ago +21
Per the article, he was paid 47 million dollars in 2024 alone.
21
reala728 16 hr ago +7
damn. just 1 mil, one time, and i dont think i'd have to worry about finances ever again.
7
D1rtyH1ppy 14 hr ago +2
I think he only left politics because he wasn't going to be reelected in his district.
2
helava 16 hr ago +7
How could anyone have predicted Devin Nunes would be an unqualified failure???
7
Sorry-Climate-7982 16 hr ago +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 17 hr ago +5
billions that it was never worth lmao
5
JerryDipotosBurner 17 hr ago +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 17 hr ago +6
Forgot about him. He’s the cow dude, right?
6
thput 15 hr ago +3
Really anyone that bought into his scams kinda deserve it.
3
JoeSicko 17 hr ago +3
This is the best possible outcome for Nunes. Take that golden parachute and enjoy life.
3
The-Traveler- 17 hr ago +3
Is the cow going to be okay? (Google Devin Nunes’ cow)
3
PatBenatari 17 hr ago +3
I will sue a cow in anger!
3
SpareDot8685 17 hr ago +3
At least Nunes will be able to spend more time with his cows now. 
3
SunMyungMoonMoon 16 hr ago +3
I heard it through the bovine...
3
Ornery-Ticket834 17 hr ago +2
Devon Nunes is a walking three ring circus 🤡.
2
bwoah07_gp2 17 hr ago +2
The truth is, his media company sucks 😂😂
2
No_Direction6688 16 hr ago +2
Truth Social was doomed to fail even before it began. It was pre-ordaine.
2
Equivalent-Resort-63 16 hr ago +2
He’s probably hiding in the bushes now.
2
charcoalist 16 hr ago +2
So Kash Patel's former boss Nunes is out, is Kash next?
2
4RCH43ON 16 hr ago +2
Devin Nunes’ cow says moooo-hoooo!
2
Iamanimite 15 hr ago +2
Will Nunez sue the cow... Again????
2
DonnieTrimp45 13 hr ago +2
Ah yes, Devin and his cow. I miss that loser.
2
Sweatytubesock 17 hr ago +2
Nunes might be an even bigger loser than Trump. Rest in piss, scumbag.
2
New_Housing785 16 hr ago +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 17 hr ago +1
That will definitely make it seem less like a scam..
1
Novel-Lifeguard6491 17 hr ago +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 17 hr ago +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 17 hr ago +1
Best news I’ve heard in a while.
1
marrklarr 17 hr ago +1
That’s what you get for letting Evil Michael Scott run your company.
1
Alert_Reindeer_6574 17 hr ago +1
Any word on what happened to the cow?
1
rhetheo100 17 hr ago +1
Grift stock..Maggats lap it up
1
GetsBetterAfterAFew 17 hr ago +1
I seriously don't believe this, because theyve already stole billions, they dont care at this point, theyve already won.
1
mindfungus 16 hr ago +1
How is its market cap over $3?
1
Lovecraft3XX 13 hr ago +1
Nunes laughing all the way to the bank.
1
shayKyarbouti 12 hr ago +1
Should’ve replaced Nunez with his cow. Probably the same result but paid less
1
ArbitraryMeritocracy 11 hr ago +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 11 hr ago +1
at least he still has his life in Fresno 😛
1
RAMacDonald901 8 hr ago +1
DJT has been losing money since day 1.
1
Windfade 8 hr ago +1
Remember that time his eyes buldged on live TV when secret memos and various evidence started getting read outloud?
1
R67H 17 hr ago
Back to the farm! Wait... I kinda live near him. Can he, like, stay there a bit?
0
brickyardjimmy 15 hr ago
Nunes for the win! Maybe he's secretly working for good America
0
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