President Donald Trump, the Republican presidential nominee, talks with former Devin Nunes at the Republican National Convention in Milwaukee, Wis., on Wednesday, July 17, 2024. Tom Williams/CQ Roll Call/Zuma Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily . Devin Nunes was not an obvious choice to run a fledgling social media network, but after $1.1 billion in losses, the former dairy farmer and congressman is out as the head of Truth Social. Donald Trump Jr., a board member at Trump Media + Technology, the parent company of Truth Social, said on Tuesday night that Nunes would be replaced by another executive who formerly worked at Hulu. Nunes confirmed the move in a Truth Social post of his own. 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.…