Devin Nunes has resigned as CEO of Trump Media & Technology Group, with Kevin McGurn stepping in as interim CEO. The company's stock has plummeted approximately 90% from its early 2022 peak of $97.54, closing at $9.73 on Wednesday. Despite a market capitalization of about $2.7 billion, Trump Media's annual revenue is only $3.7 million, with significant losses reported. Trump Media, which owns Truth Social, has ventured into prediction markets and cryptocurrency but has struggled to gain traction with retail investors. The company's financial challenges continue to mount as it seeks to stabilize its operations and investor confidence.