# Truth Social was launched by the Trump family four years ago with great fanfare.

*web3 · news · 2026-04-22 · WTOP*

## Key points

- Trump Media replaced CEO Devin Nunes with digital executive Kevin McGurn to address business struggles.
- Trump Media has rapidly diversified into cryptocurrency, finance, and nuclear fusion, moving far from social media.
- The company raised $2.5 billion to acquire bitcoin, following a controversial MicroStrategy-style strategy.
- Trump Media merged with a nuclear fusion company, raising conflict-of-interest concerns due to government involvement.
- Truth Social's audience and stock have both declined sharply despite major pivots and leadership change.

**Companies:** MicroStrategy, Trump Media & Technology, Crypto.com
**Countries:** United States

[Read the full story on WTOP](https://wtop.com/social-media/2026/04/trump-media-has-pivoted-to-crypto-financial-services-and-nuclear-fusion-its-stock-keeps-falling/)

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