Trump Media CEO Devin Nunes Congratulates Linda McMahon on Cabinet Appointment
Rhea-AI Summary
Trump Media & Technology Group (DJT) CEO Devin Nunes has issued a statement congratulating board member Linda McMahon on her nomination as Secretary of Education in the upcoming Trump administration. Nunes praised McMahon's contributions to TMTG, highlighting her role in the company's capital markets navigation, Truth Social platform expansion, and the launch of Truth+ streaming service. He emphasized her experience in business, education, philanthropy, politics, and her previous role as Small Business Administration Administrator.
Positive
- Board member Linda McMahon's high-level government nomination may strengthen company's political connections
- Confirmation of Truth+ streaming service launch and Truth Social platform expansion
Negative
- Potential loss of key board member's expertise in capital markets and business operations
News Market Reaction – DJT
On the day this news was published, DJT gained 1.30%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SARASOTA, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (Nasdaq: DJT) (“TMTG”) CEO Devin Nunes today issued the following statement following President-elect Trump's announcement of his intent to nominate TMTG board member Linda McMahon as Secretary of Education:
"Linda is an extremely valuable board member who is amazing to work with and has been instrumental in helping TMTG navigate the capital markets, expand the Truth Social platform, and stand up our TV streaming service, Truth+. With her deep integrity and her broad experience in private business, education, philanthropy, politics, and as Administrator of the Small Business Administration, Linda is an ideal pick to serve as the nation's next Secretary of Education. I congratulate Linda on her nomination with total confidence she will be an outstanding member of the Trump Administration's cabinet."
About TMTG
The mission of TMTG is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North America) Email: shannon.devine@mzgroup.us
Media Contact
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