PANews reported on April 23 that, according to Bloomberg, Devin Nunes, CEO of Trump Media & Technology Group, resigned Tuesday evening local time, with Kevin McGurn serving as interim CEO. The company's stock price rose to $97.54 in early 2022, but has since fallen by approximately 90%, reaching $9.73 on Wednesday, with a market capitalization of approximately $2.7 billion. The company's annual revenue is only $3.7 million, with losses amounting to hundreds of millions of dollars.

Trump Media, the parent company of Truth Social, has expanded its business into prediction markets, cryptocurrencies, investments, and even nuclear fusion, despite Trump's use of the platform to influence global markets. However, none of these expansions have sustained retail investor interest. Vanda data shows that in November 2024, the month Trump was elected, retail investors made an average daily net purchase of over $2 million, while in the month ending Tuesday, they made an average daily net sale of approximately $7,000.