{"id":69682,"date":"2026-04-22T14:02:49","date_gmt":"2026-04-22T21:02:49","guid":{"rendered":"https:\/\/www.newscorpse.com\/ncWP\/?p=69682"},"modified":"2026-04-22T14:02:49","modified_gmt":"2026-04-22T21:02:49","slug":"youre-fired-trump-medias-ceo-devin-nunes-gets-booted-from-the-failing-truth-social-company","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=69682","title":{"rendered":"YOU’RE FIRED: Trump Media’s CEO, Devin Nunes, Gets Booted From the Failing Truth Social Company"},"content":{"rendered":"

Shortly After Trump was banned from Twitter, before the Musk era, he launched his own social media website that was a direct ripoff of Twitter. His hysterically named “Truth”<\/em> Social quickly became the dedicated propaganda platform for Trump’s ranting, insulting, lying, and shameless self-exaltations.<\/p>\n

Click here to post this article on Twitter<\/a> or Click here to post on Bluesky<\/a><\/strong><\/p>\n

\"Donald<\/p>\n

The Truth Social website was stuffed into a corporate grab bag that was christened as Trump Media and Technology Group (TMTG), and Trump hired former Republican congressman Devin Nunes to run it as it’s CEO.<\/p>\n

In the four years since it’s launch Nunes, who had no relevant business experience whatsoever, proceeded to run the sham operation into the ground. He packaged it with a variety of unrelated undertakings, such as cryptocurrency, mutual funds, gambling, and even an attempt at AI that seemed to go rogue…<\/p>\n

SEE THIS: Trump\u2019s Truth Social AI is Woke AF: Even His Own Social Media App Hates Him<\/a><\/strong><\/p>\n

Now it is being reported that Nunes has been handed his walking papers. According to the New York Times<\/a><\/strong>…<\/p>\n

“Trump\u2019s social media company, which has consistently lost money and struggled with a flagging share price, announced Tuesday that it was replacing Devin Nunes as its chief executive officer. The announcement offered no reason for the sudden departure of Mr. Nunes.”<\/p><\/blockquote>\n

And that…<\/p>\n

“Trump Media has incurred hundreds of millions in losses, and its shares have performed poorly since the company went public. […] Last year, Trump Media took in $3.7 million in revenue and recorded a $712 million net loss.”<\/p><\/blockquote>\n

Indeed, TMTG has performed abysmally. It’s stock is down 90% from its high. The vast majority of investors were creamed. But Trump and few other insiders made out like bandits – literally! So as a tribute to Mr. Nunes, let’s review some of the history of the company that he presided over for Trump, whose own business history is littered with failures and bankruptcies…<\/p>\n

Trump\u2019s Cratering Truth Social Stock Reflects the Catastrophe of Everything That Trump Does<\/a><\/strong>
\nTrump Media and Technology Group Corp. plans to issue a new cryptocurrency, which will be distributed among its shareholders. [\u2026] The coins won\u2019t represent ownership of DJT shares, and may not be transferable or exchanged for cash.<\/p><\/blockquote>\n

Trump\u2019s Scammy Media Stock, and Truth Social Parent, Completes a Classic Pump and Dump<\/a><\/strong>
\nThe merger of the Trump Media and Technology Group (TMTG) with TAE Technologies, a nuclear fusion startup. TAE\u2019s energy products are at present speculative and they have no facilities generating any power resources. Nevertheless, the news caused TMTG\u2019s stock to surge 33%, but two weeks later reversed course back to around $12.80. So anyone who jumped in on the news is already suffering a 25% loss.<\/p><\/blockquote>\n

Trump Media (Truth Social) Falls to Its Lowest Point Ever – And So Does Donald Trump<\/a><\/strong>
\nReflecting the animus that Trump inspires in America, his scam business venture, Trump Media and Technology Group, is suffering its worst week since it went public a year and a half ago. It has lost a whopping 80% of its asset value since then.<\/p><\/blockquote>\n

The Trump Media and Technology Group (Truth Social) Scam Reflects His Fondness for Fraud<\/a><\/strong>
\nDuring an interview on CNBC, Trump complained that he has been treated \u201cvery badly\u201d by banks that he alleged were discriminating against him. Of course that might be because of the 34 felony convictions he has for defrauding banks. Not to mention a civil lawsuit finding of liability that cost him about half a billion dollars.<\/p><\/blockquote>\n

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam<\/a><\/strong>
\nTrump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”<\/em><\/p><\/blockquote>\n

Truth Social Disease: Ads on Trump\u2019s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch<\/a><\/strong>
\nAdvertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.<\/p><\/blockquote>\n

\n
\n

Be sure to visit and follow News Corpse
\non Twitter<\/a> and Facebook<\/a> and Bluesky<\/a> and Threads<\/a>.<\/strong>\n<\/p>\n

And check out my books on Amazon:<\/strong>\n<\/p>\n

Fox Nation vs. Reality:
\nThe Fox News Cult of Ignorance.<\/a><\/strong>\n<\/p>\n

Thanks so much for your support.<\/strong><\/p>\n<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Shortly After Trump was banned from Twitter, before the Musk era, he launched his own social media website that was a direct ripoff of Twitter. His hysterically named “Truth” Social quickly became the dedicated propaganda platform for Trump’s ranting, insulting, lying, and shameless self-exaltations. Click here to post this article on Twitter or Click here […]<\/p>\n","protected":false},"author":1,"featured_media":44433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,11],"tags":[1235,554,1457,1458],"class_list":["post-69682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-socialmedia","tag-devin-nunes","tag-donald-trump","tag-social-media","tag-truth-social"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crashing.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-i7U","jetpack-related-posts":[{"id":52525,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=52525","url_meta":{"origin":69682,"position":0},"title":"SRSLY? Trump’s TRUTH Social Boss, Devin Nunes, Tells Fox News that ‘Twitter is a Ghost Town’","author":"Mark NC","date":"4\/7\/2022","format":false,"excerpt":"What do wingnut Republican scam artists do when their much ballyhooed business ventures go bust? Well, if you're Devin Nunes, the former congressman and fake farmer who is now the CEO of Donald Trump's pathetic Twitter clone, TRUTH Social, you go on Fox News and tell flagrant lies about how\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump, Devin Nunes","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-nunes-virus.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-nunes-virus.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-nunes-virus.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":55003,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=55003","url_meta":{"origin":69682,"position":1},"title":"Devin Nunes Exalts the Failing Truth Social as ‘The Most Important Creation in Trump\u2019s Career’","author":"Mark NC","date":"10\/6\/2022","format":false,"excerpt":"Throughout Donald Trump's career he has embellished his personal and business \"achievements\" to the point that they bore no resemblance whatsoever to reality. Trump only speaks in hyperbole, claiming that everything he undertakes is the greatest success ever known to mankind. And conversely, any criticism or failure is the worst\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump, Devin Nunes","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-nunes-virus.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-nunes-virus.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-nunes-virus.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":56747,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=56747","url_meta":{"origin":69682,"position":2},"title":"Trump’s Truth Social CEO Whines that Shareholders in His Alt-Twitter Scam Are Being Wiped Out","author":"Mark NC","date":"4\/22\/2023","format":false,"excerpt":"The single most unifying characteristic of the cult of Donald Trump - aside from the brazen and shameless lying - is their pathetic penchant for victimhood. For people who relentlessly brag about personal responsibility and inner strength, they sure cry a lot about how persecuted they are by everyone who\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-chart-red.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-chart-red.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-chart-red.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63210,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=63210","url_meta":{"origin":69682,"position":3},"title":"Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)","author":"Mark NC","date":"10\/5\/2024","format":false,"excerpt":"From its inception, the Trump Media and Technology Group (TMTG) has been a shady operation steeped in scandals that are rampant with legal, financial, and ethical misconduct. Although the disgraceful record of this corporate parent of Truth Social will surprise no one, considering the unscrupulous character (or lack thereof) of\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump, Twitter","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":55095,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=55095","url_meta":{"origin":69682,"position":4},"title":"Trump Threatened to ‘Blow Up the Company’ if Truth Social Execs Didn’t Give Their Shares to Melania","author":"Mark NC","date":"10\/16\/2022","format":false,"excerpt":"Two days after the January 6th insurrection that Donald Trump incited, Twitter permanently suspended his account \"due to the risk of further incitement of violence.\" That eventually led to the creation of the Trump-branded Twitter clone, Truth Social, where he could mouth off interminably and unconstrained by facts or decency.\u2026","rel":"","context":"In "Crime"","block_context":{"text":"Crime","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1475"},"img":{"alt_text":"Trump Baby on Cash Pile","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-cash-pile.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-cash-pile.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-cash-pile.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":52441,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=52441","url_meta":{"origin":69682,"position":5},"title":"Trump’s PRAVDA, er, TRUTH Social Twitter Clone Flops as it Misses Yet Another Launch Date","author":"Mark NC","date":"3\/31\/2022","format":false,"excerpt":"America's Biggest Loser is once again demonstrating just how adept he is at failing. Donald Trump has a record of business catastrophes that is unparalleled in modern times. His numerous, and narcissistically self-branded projects \u2013 from airlines to games to steaks to vodka \u2013 all ended as humiliating fiascos. Even\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"Donald Trump, Twitter","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-baby-twitter.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/69682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69682"}],"version-history":[{"count":2,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/69682\/revisions"}],"predecessor-version":[{"id":69685,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/69682\/revisions\/69685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/media\/44433"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}