Trump Media refocuses on Truth Social after failed business ventures

Trump Media has replaced its chief executive and returned its focus to Truth Social, its main social media platform. The company had tried to expand into crypto, financial services, and nuclear energy, but these efforts failed to improve its finances. Devin Nunes has left the top job, and Kevin McGurn, an experienced media executive, has taken over. McGurn plans to charge some users extra for faster access to posts on Truth Social. He says this paid feature will bring in regular income for the company. Trump Media's stock has fallen more than 70% since President Trump returned to office, losing around six billion dollars in value for shareholders.