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.
The guy got paid more than the company’s entire revenue. He got fired from a fake job, at a fake company. He kept the grift going as long as possible, made a fortune, and stayed out of prison. Now he gets to retire with a fat bank account. Sounds like a BIG win to me.
I’m pretty sure I found more money in my pants after a wash than that company made in revenue. It’s just 1 guys personally crafted echo chamber.