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Truth Social was launched by the Trump family four years ago with great fanfare.
Trump Media replaced CEO Devin Nunes with digital executive Kevin McGurn to address business struggles.
KEY POINTS
- 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
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