Trending Now - Trump's Media Firm Appoints New Interim CEO Amid Stock Decline

WHO:

ABC News - Kevin McGurn is also the CEO of a new shell company that Trump’s two oldest sons, Donald Jr. and Eric, joined in 2025 to buy U.S. manufacturers.

Deadline - Kevin McGurn is the new interim CEO of Trump Media & Technology, succeeding Devin Nunes.

Deadline - Kevin McGurn has worked at NBC Universal, Hulu, and DoubleClick, among other companies.

Alternet - The Muwekma Ohlone Tribe paid Drake Ventures $30,000 for lobbying services in the first quarter of 2026 and $20,000 in the fourth quarter of 2025.

Deadline - Kevin McGurn has previously worked at T-Mobile USA and Vevo.

ABC News - Kevin McGurn is appointed as interim CEO of Trump Media & Technology.

ABC News - Devin Nunes, a former congressman, served as CEO before being replaced.

Deadline - Kevin McGurn has been an advisor to Trump Media since December 2024.

WHAT:

ABC News - The company has branched into prediction markets, which are online betting venues where people can wager on sports, entertainment, and political events.

ABC News - The Trump administration established a national bitcoin reserve in 2025, which contributed to an increase in the value of bitcoin.

ABC News - Trump Media & Technology has lost more than $1.1 billion since going public in 2021.

ABC News - Kevin McGurn stated that the company is “poised to take off.”

Alternet - The Muwekma Ohlone Tribe is seeking federal recognition to gain legitimacy, access to federal funds, and potentially gaming rights.

ABC News - Kevin McGurn stated that Truth Social "stands for the most powerful brand and voice in history of social media and beyond."

ABC News - Trump Media & Technology is replacing Devin Nunes as CEO after a stock decline.

ABC News - The company's stock plunged 67%, resulting in a loss of over $6 billion in investor wealth.

ABC News - Trump Media has lost more than $1.1 billion since going public two years ago.

ABC News - Devin Nunes received total compensation of $47 million in 2024.

WHERE:

ABC News - The company operates the social media platform Truth Social.

WHEN:

Alternet - The lobbying disclosure form for the Muwekma Ohlone Tribe was filed on April 18th, 2026.

Alternet - The lobbying disclosure form was filed on Monday, April 18th, 2026.

ABC News - The stock soared shortly before Trump's re-election in November 2024.

ABC News - Trump Media was formed after the January 6, 2021 Capitol riots.

Deadline - Kevin McGurn has been an advisor since December 2024.

WHY:

Alternet - The Muwekma Ohlone Tribe has been fighting for 45 years to be added to the Bureau of Indian Affairs’ official list of recognized tribes.

Alternet - The Muwekma Ohlone Tribe argues that the Presidio should be returned to indigenous care as part of their campaign for federal recognition.

ABC News - The replacement of Nunes follows a significant stock collapse that wiped out billions in investor wealth.

HOW:

ABC News - The Trump Organization and the White House have denied conflicts of interest between Trump's presidency and the family business.

ABC News - The company has branched into cryptocurrency and prediction markets, which are online betting venues.

Alternet - The hiring of Stone by the Muwekma Ohlone Tribe may be part of their efforts to obtain federal recognition, which has previously led to confrontations with Congress.

ABC News - The company has branched into cryptocurrency and prediction markets, which are online betting venues in which people can wager on sports, entertainment, and political events.

ABC News - Trump Media was created as an alternative to social media platforms that barred Trump from posting.

ABC News - The company has branched into cryptocurrency and prediction markets, which are online betting venues.

(UPDATED April 22, 2026 19:25 UTC)

Kevin McGurn, who is the CEO of a new shell company that Trump’s two oldest sons, Donald Jr. and Eric, joined in 2025 to buy U.S. manufacturers, has also expanded the company into prediction markets for betting on various events. Meanwhile, the Muwekma Ohlone Tribe filed a lobbying disclosure form on Saturday, as they continue their 45-year fight to be recognized by the Bureau of Indian Affairs. The Trump Organization and the White House have denied any conflicts of interest between Trump's presidency and the family business.

(UPDATED April 22, 2026 17:20 UTC)

Kevin McGurn has been appointed as the new interim CEO of Trump Media & Technology, taking over from Devin Nunes. Since going public in 2021, the company has reported losses exceeding $1.1 billion, but McGurn believes it is “poised to take off.” Trump Media & Technology is expanding its operations by branching into cryptocurrency and prediction markets, which are online betting venues.

(UPDATED April 22, 2026 15:21 UTC)

The Muwekma Ohlone Tribe has filed a lobbying disclosure form on Saturday, revealing they paid Drake Ventures $30,000 for lobbying services in the first quarter of this year and $20,000 in the fourth quarter of 2025. The tribe is seeking federal recognition to gain legitimacy, access federal funds, and potentially secure gaming rights, arguing that the Presidio should be returned to indigenous care as part of this effort. Their hiring of Stone may indicate a strategic move to navigate the complexities of obtaining this recognition, which has previously led to confrontations with Congress.

(UPDATED April 22, 2026 09:21 UTC)

Kevin McGurn, who has previously worked at T-Mobile USA and Vevo, emphasized that Truth Social "stands for the most powerful brand and voice in the history of social media and beyond." The company has also expanded into cryptocurrency and prediction markets, allowing users to bet on various sports, entertainment, and political events. This move marks a significant development in the evolving landscape of social media and online engagement.

(UPDATED April 22, 2026 01:23 UTC)

Kevin McGurn has been appointed as the interim CEO of Trump Media & Technology, replacing Devin Nunes, who previously held the position amid a significant stock decline that saw the company's value drop by 67%, resulting in a loss of over $6 billion in investor wealth. Since going public two years ago, Trump Media has lost more than $1.1 billion and was formed as an alternative social media platform following the January 6thth, 2021 Capitol riots. McGurn, who has been an advisor to the company since December 20th24, steps into this role as Trump Media continues to explore ventures in cryptocurrency and prediction markets.