Devin Nunes Steps Down as Head of Trump's Media Company

Friday, April 24, 2026

The company behind President Donald Trump's social media network is changing leaders amid mounting financial losses, ...

Posted by REDIAL at 09:30 PM | 9 COMMENTS | permalink | Comment on This Entry |

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Devin Nunes was not an obvious choice to run a fledgling social media network, but after $1.1 billion in losses, the former dairy farmer and congressman is out as the head of Truth Social. ðŸ«

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-- Mother Jones (@motherjones.com) Apr 22, 2026 at 1:42 PM

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Kicked down a flight of stairs is more accurate

#1 | Posted by LegallyYourDead at 2026-04-22 11:50 PM | Reply | Funny: 2

That's better and funnier.

#2 | Posted by C0RI0LANUS at 2026-04-22 11:58 PM | Reply

LOL, it was always an unserious product designed to rip off investors.

#3 | Posted by Nixon at 2026-04-23 11:44 AM | Reply

Y'all got your gold-plated "tRump" phones yet, losers?

#4 | Posted by LegallyYourDead at 2026-04-24 10:32 PM | Reply

Truth Social made $3.7 million in revenue last year.

Truth Social had a net operating loss of $712 million last year.

#5 | Posted by Sycophant at 2026-04-25 08:55 PM | Reply | Newsworthy 1

Truth Social made $3.7 million in revenue last year.
Truth Social had a net operating loss of $712 million last year.

#5 | Posted by Sycophant at 2026-04-25 08:55 PM | Reply | Flag

#6 | Posted by C0RI0LANUS at 2026-04-26 02:39 AM | Reply

So... Truth Social seems to be the latest of Pres Trump business failures?

That is, it seems, beside his assault upon the US Treasury ...

#7 | Posted by LampLighter at 2026-04-26 04:36 AM | Reply

Truth Social spent 19,300% more than it made last year.

Or for you MAGA out there who use Trump "math": 884,411,678,616,610,446,169,916,649%

#8 | Posted by Sycophant at 2026-04-26 05:11 AM | Reply

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The company behind President Donald Trump's social media network is changing leaders amid mounting financial losses...

Don't feel bad for ol' Devin Nunes. He made $6.3M in salary and bonuses and awarded restricted stock that at the time was worth $41M as CEO just in 2024 for being CEO of non-media "crypto treasury" company which cost investors over $1.1B in cash and more than $6B in "enterprise value" and which since merged with a money-losing "nuclear fusion" company and now looking to spin off Truth Social, as if any of these are viable companies, just like multiple other scammy crypto companies the Trump family is involved with.

s.yimg.com - Trump Media Loses Meme-Like Luster at 90% drop
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#9 | Posted by CutiePie at 2026-04-27 10:21 PM | Reply