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 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.
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.
I too left Twitter around the same time, and I really wish that Mastodon would just replace Twitter already. There is a certain silliness that occurs there that is still rare on Mastodon. I’m excited for more of that silliness to come to the Fediverse. I don’t look forward to all the Nazis who eventually will get bored of their echo chamber and try to meander over. I hope the right tools, people, and hardware are in place when it happens.
I kind of imagine all the right people and tools are there. I’m less confident on the hardware.