Trump Media & Technology, the parent company of social media giant Truth Social, has announced it is replacing its CEO, Devin Nunes, with Kevin McGurn. The company, which owns Truth Social as a “free speech” alternative to Twitter and Facebook, has diversified into other sectors including cryptocurrency, finance, and nuclear power. Despite launching the social media platform in 2022, it has struggled to attract users beyond the president's core supporters and has been criticized by government ethics experts as a conflict of interest with the presidency. Despite this, the company has lost more than $1 billion in the past two years and its stock has dropped into the single digits. In December, Trump Media announced it was merging with a nuclear fusion company, a promising but far-off energy technology.