Full statement issued Tuesday evening by former U.S. Rep. Devin Nunes concerning his departure from the Trump Media & Technology Group that owns Truth Social.

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"President Trump started Trump Media due to the suppression of free speech online by tech oligarchs. In response, we built a team and launched a global social media platform, Truth Social, developing our own infrastructure in order to make our services uncancellable and to restore free expression for millions of Americans.

"After I joined Trump Media in 2022, we experienced one of the longest SPAC merger approval processes in history, went public in March 2024, and oversaw the Company’s expansion over the next two years. During that time, the Company grew from a social media start-up into a public company with a multi-billion dollar valuation, increasing its financial assets from approximately $200 million when the merger closed to around $2.5 billion at the end of 2025. Additionally, we achieved positive cash flow for the 2025 calendar year—less than two years after going public. This financial position enabled the Company to implement its mergers and acquisitions strategy.

"I have spent the last decade fighting corruption and censorship in both the public and private spheres. In Congress, I battled corruption at the highest levels of government, including the Russia collusion hoax, the Ukraine impeachment hoax, and the politicization of our intelligence agencies. Now, having achieved Trump Media’s original mission of giving the American people their voices back, and with the Company’s future secured through our strong balance sheet, it’s an appropriate time for Kevin McGurn, a Trump Media advisor with deep experience in media, mergers, and acquisitions, to take over the Company’s leadership and steer Trump Media
through its current transition phase.

"This will allow me to focus more intently on my role as Chairman of the President’s Intelligence Advisory Board and on other ventures, knowing the company is in safe hands under Kevin’s stewardship.

"I’d like to thank President Trump, Trump Media’s millions of users and hundreds of thousands of retail shareholders, and the amazing patriots working on our Company’s team, all of whom were indispensable in creating and operating this unique Company. It’s been an incredible honor to serve Trump Media, and I remain fully committed to our common cause of free speech on the Internet, which is now and will always be fiercely protected by Truth Social."