The company, which is majority owned by Donald Trump, has seen its stock plummet 84 percent under Nunes’ leadership, from its debut price of $58 back in 2024. The current share price of around $9.80 is arguably still optimistic for a company that has lost $1.1 billion since it went public, and recorded just over $10.6 million in revenue in the same time.
Even as the company struggled, Nunes prospered. In 2024 alone, his pay outstripped any revenue the company has made over its lifetime—he drew a salary of $1 million, a bonus of $600,000 and was awarded stock worth another $46 million.



Imagine being stupid enough to invest in Truth Social.
It’s just MAGA people. We already know they are the dumbest people on the planet right now.
Especially when the CEO is Devin Nunes lol
It’s the MAGA thing! Look, he has a new coin/ guitar/ sneaker/ Bible/ MacGuffin, etc. I can buy. The last one sucked, but this one will be cool!