Trump Media CEO’s Exit Caps a 90% Drop as MAGA Stocks Stumble

Trump Media CEO Devin Nunes stepped down, marking a leadership shift amid a roughly 90% decline in the company’s stock since its peak, reflecting broader weakness in so-called MAGA-related equities. The selloff is being driven by deteriorating investor sentiment and scrutiny over corporate governance, which has weakened risk appetite for speculative, politically linked stocks. This retreat in MAGA-themed assets has disproportionately affected small-cap and media-related equities with concentrated ownership and limited fundamentals. The decline also reflects a wider repricing of political risk and retail-driven momentum stocks as capital shifts toward more stable, earnings-backed sectors. Traders will watch the next TRUMP Media financial disclosure and shareholder updates for signs of strategic shifts or further leadership changes.

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