Executives Leave Trump Media Amid Mismanagement Claims
- Several executives at Trump Media & Technology Group have resigned amid allegations against CEO Devin Nunes.
- A whistleblower complaint prompted an internal investigation, revealing serious concerns about financial management.
- The company is struggling financially, raising questions about its leadership and future viability.
In the United States, several executives at Trump Media & Technology Group, the parent company of Truth Social, have resigned amid allegations of mismanagement against CEO Devin Nunes. The departures include COO Andrew Northwall and Chief Product Officer Sandro De Moraes, following a whistleblower complaint that raised concerns about misuse of funds, hiring foreign contractors, and interference with product development. The complaint prompted the company’s board to hire a lawyer for an internal investigation, leading to the ousting of the executives. The company is also facing financial difficulties, having reported a significant loss of nearly $58.2 million last year while generating only $4.1 million in revenue. Additionally, a Delaware court ruled that Trump Media must release almost 800,000 shares to an investor, further complicating the company’s financial situation. The turmoil within the company has raised questions about its future and the effectiveness of its leadership, as it struggles to maintain operations and credibility in a competitive market.