Top Execs Exit Trump Media Amid Allegations of Devin Nunes’s Mismanagement and Retaliation

[Magnus]

Former President Donald Trump’s media company has forced out executives in recent days after internal allegations that its CEO, former Rep. Devin Nunes, is mismanaging the company, according to interviews and records of communications among former employees.

Several people involved with Trump Media believe the ousters are retaliation following what they describe as an anonymous “whistleblower” complaint regarding Nunes that went to the company’s board of directors.

The chief operating officer and chief product officer have left the company, along with at least two lower-level staffers, according to interviews, social media posts and communications between former staffers reviewed by ProPublica. The company, which runs the social media platform Truth Social, disclosed the departure of the chief operating officer in a securities filing Thursday afternoon.

Top Execs Exit Trump Media Amid Allegations of CEO’s Mismanagement and Retaliation

Several people involved with the former president’s company, operator of Truth Social, believe the departures were retaliation following internal complaints about CEO Devin Nunes to the company board.

www.propublica.org

---

What is with the Trump organization and corruption? Looks like they go hand in hand. And people wonder why Trump had so many bankruptcies.

 

[candycorn]

Former President Donald Trump’s media company has forced out executives in recent days after internal allegations that its CEO, former Rep. Devin Nunes, is mismanaging the company, according to interviews and records of communications among former employees.

Several people involved with Trump Media believe the ousters are retaliation following what they describe as an anonymous “whistleblower” complaint regarding Nunes that went to the company’s board of directors.

The chief operating officer and chief product officer have left the company, along with at least two lower-level staffers, according to interviews, social media posts and communications between former staffers reviewed by ProPublica. The company, which runs the social media platform Truth Social, disclosed the departure of the chief operating officer in a securities filing Thursday afternoon.

Top Execs Exit Trump Media Amid Allegations of CEO’s Mismanagement and Retaliation

Several people involved with the former president’s company, operator of Truth Social, believe the departures were retaliation following internal complaints about CEO Devin Nunes to the company board.

www.propublica.org

---

What is with the Trump organization and corruption? Looks like they go hand in hand. And people wonder why Trump had so many bankruptcies.

If you invested $1,000 in the company, your investement would be worth $180 today.

 

[Magnus]

If you invested $1,000 in the company, your investement would be worth $180 today.

I'm not sure if this was a flippant response, but it made me curious to see how accurate you are. So, I put in the exact question to an AI bot. Here is the question & response:

If you invested $1000 a few years ago in Trump media, how much would it be worth?​

Current Value​

As of the most recent data available:

• The stock was trading at $16.07 per share
  Trump Media shares rebound after major investor stock dump
• This represents a decline of approximately 80% from its all-time high
  Trump Media erases all 2024 stock gains days before Donald Trump can cash out his $1.95B stake

Calculation​

If you had invested $1000 at the peak price and held until now, your investment would be worth roughly:

$1000 / $79.38) * $16.07 ≈ $202.44

This means your $1000 investment would have lost about 79.76% of its value.

So, you were off by only about $22! LOL

 

[surada]

Former President Donald Trump’s media company has forced out executives in recent days after internal allegations that its CEO, former Rep. Devin Nunes, is mismanaging the company, according to interviews and records of communications among former employees.

Several people involved with Trump Media believe the ousters are retaliation following what they describe as an anonymous “whistleblower” complaint regarding Nunes that went to the company’s board of directors.

The chief operating officer and chief product officer have left the company, along with at least two lower-level staffers, according to interviews, social media posts and communications between former staffers reviewed by ProPublica. The company, which runs the social media platform Truth Social, disclosed the departure of the chief operating officer in a securities filing Thursday afternoon.

Top Execs Exit Trump Media Amid Allegations of CEO’s Mismanagement and Retaliation

Several people involved with the former president’s company, operator of Truth Social, believe the departures were retaliation following internal complaints about CEO Devin Nunes to the company board.

www.propublica.org

---

What is with the Trump organization and corruption? Looks like they go hand in hand. And people wonder why Trump had so many bankruptcies.

Trump is impulsive and never does due diligence.

 

[ElmerMudd]

Former President Donald Trump’s media company has forced out executives in recent days after internal allegations that its CEO, former Rep. Devin Nunes, is mismanaging the company, according to interviews and records of communications among former employees.

Several people involved with Trump Media believe the ousters are retaliation following what they describe as an anonymous “whistleblower” complaint regarding Nunes that went to the company’s board of directors.

The chief operating officer and chief product officer have left the company, along with at least two lower-level staffers, according to interviews, social media posts and communications between former staffers reviewed by ProPublica. The company, which runs the social media platform Truth Social, disclosed the departure of the chief operating officer in a securities filing Thursday afternoon.

Top Execs Exit Trump Media Amid Allegations of CEO’s Mismanagement and Retaliation

Several people involved with the former president’s company, operator of Truth Social, believe the departures were retaliation following internal complaints about CEO Devin Nunes to the company board.

www.propublica.org

---

What is with the Trump organization and corruption? Looks like they go hand in hand. And people wonder why Trump had so many bankruptcies.

Trump's Truth Social has top executives leaving with accusations of mismanagemt.
Two of the people who staarted Truth Social have sold their stock and bailed.
The stock price has plummeted 82% from it's high, as has Trump's stock value.
Six bankruptcies, his greatest asset, Truth Social, in chaos. How do we expect this incompetent business person to lead our economy.

Top Execs Exit Trump Media Amid Allegations of CEO’s Mismanagement and Retaliation

Several people involved with the former president’s company, operator of Truth Social, believe the departures were retaliation following internal complaints about CEO Devin Nunes to the company board.

www.propublica.org

 

[0311]

Truth Social Users Losing Ridiculous Sums of Money To Scams.

Truth Social Users Are Losing Ridiculous Sums of Money to Scams

Read the complaints submitted to the FTC by users of Donald Trump's social media platform.

gizmodo.com

Donald Trump launched Truth Social in 2022 as a social media platform where the MAGA faithful could hang out without any liberals to spoil the fun. The biggest selling point? It was the only place where Trump was personally posting his unhinged screeds after getting banned from Twitter over that whole coup attempt. But new documents obtained by Gizmodo reveal the site has also been flooded with scammers who are swindling users out of enormous sums of money. We’re talking about people who’ve lost hundreds of thousands of dollars in a relatively short period of time.

Gizmodo submitted a Freedom of Information Act (FOIA) request with the FTC for consumer complaints about Truth Social filed in the past two years. The complaints to the federal agency include some stories from people who’ve been banned from the site (unjustly, they claim) and others who say they got signed up for mailing lists they never wanted to be on in the first place. But the complaints about scams are the most shocking, if only because there are such large sums of money involved. And we’re publishing a
sample of the full, unedited complaints below.

One person who says they lost $170,000 explained they were initially scammed on a different site but met someone on Truth Social who claimed they could help get their money back. That turned out to be a scam as well. But more often, the victims are first contacted on Truth Social before being told to take the conversation somewhere else, like WhatsApp. Truth Social seems to be a target-rich environment for people who are easy to con.

 

[whitehall]

"Several (anonymous and unidentified) people with knowledge of the company"? That's the freaking source of the article. The Media forum is supposed to be critical of the media, not a source for bull shit political articles and this one is freaking bullshit.