Updated
Updated · The Wall Street Journal · May 1
Kevin McGurn becomes interim CEO of Trump Media
Updated
Updated · The Wall Street Journal · May 1

Kevin McGurn becomes interim CEO of Trump Media

16 articles · Updated · The Wall Street Journal · May 1
  • He took over last week after Devin Nunes left abruptly, as Trump Media weighs spinning off Truth Social and Truth+ while pursuing its planned merger with fusion company TAE Technologies.
  • McGurn, who helped initiate the TAE deal, said the structure of the combined company and a previously expected co-CEO arrangement with TAE's Michl Binderbauer could change.
  • The leadership shake-up comes as Trump Media, down about 30% this year after a more than $700 million 2025 net loss, juggles media, crypto and a $6 billion fusion bet.
With Trump Media’s vast digital asset holdings and new regulations, what risks and opportunities could reshape its financial future?
Can Trump Media’s $6 billion fusion gamble truly meet AI’s energy needs, or will it distract from its struggling media business?
If Truth Social and Truth+ spin out, how will investors and users be affected by the separation from the energy venture?