Truth Social CEO Devin Nunes has been replaced after the platform accumulated $1.1 billion in losses since its 2024 public debut. The Trump-majority-owned company has seen its stock decline 84% from $58 to ~$9.80, generating only $10.6 million in revenue against massive losses.
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Trump’s Blog Has Somehow Lost $1.1 Billion
Truth Social has torched $1.1 billion since going public in 2024, with stock cratering 84% and CEO ousted despite generating only $10.6 million in revenue.
Thursday, April 23, 2026 12:00 PM UTC2 MIN READSOURCE: Daring FireballBY sys://pipeline
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