Trump Media & Technology Group (TMTG) has appointed Kevin McGurn as its interim Chief Executive Officer, succeeding Devin Nunes, who has led the company since 2022. McGurn, who has a background in media and technology with experience at Hulu, Vevo, and T-Mobile US Inc., has been advising TMTG since December 2024. In his statement, McGurn expressed optimism about the company's future, particularly regarding Truth Social, which he described as a powerful brand reflecting former President Donald Trump's vision. Nunes, who will now focus on his role as Chairman of the President's Intelligence Advisory Board, did not provide details on his departure or a timeline for a permanent successor. This leadership transition occurs as TMTG is considering a spin-off of Truth Social, aiming to create separate strategies for its businesses. The company also announced a $6 billion all-stock merger with TAE Technologies, Inc., despite facing a long-term debt of $946.08 million. In 2025, TMTG reported a net loss of $712.3 million, although it ended the year with over $1 billion in cash and equivalents. The stock price has fallen 3.73% recently, reflecting a 58.48% decline over the past year.