Former US Rep. Devin Nunes has been replaced as CEO of Trump Media & Technology, following a stock collapse. The company has lost over $1.1 billion since its initial publication two years ago and recorded a net loss of more than $712 million last year. No reason was given for Nunes' departure, and no timetable for a permanent replacement. The media company is attempting to expand its business into other sectors including cryptocurrencies, prediction markets, and traditional financial products.