The CEO of Trump Media Technology Group has resigned, and the company's stock price has fallen by approximately 90% from its all-time high.

CoinFeed reported on April 23 that, according to Bloomberg, Devin Nunes, CEO of Trump Media & Technology Group, resigned Tuesday evening local time, with Kevin McGurn serving as interim CEO. The company's stock price rose to $97.54 in early 2022, but has since fallen by approximately 90%, reaching $9.73 on Wednesday, with a market capitalization of approximately $2.7 billion. The company's annual revenue is only $3.7 million, with losses reaching hundreds of millions of dollars. Trump Media is the parent company of Truth Social. Although Trump used the platform to influence global markets, the company's expansion into prediction markets, cryptocurrencies, investments, and even nuclear fusion has failed to maintain retail investor interest.