CNBC reports: The auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced. The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, …
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“Are people buying this company, this stock because they think it’s got inherent value or because they want to demonstrate support for Donald Trump? They are not making the money yet. Maybe they do in the future but it is hard to justify the valuation with what we’ve seen today. I think it’s almost like a meme stock, and that’s …
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The Associated Press reports: As Donald Trump’s social media company begins trading publicly Tuesday, would-be investors might ask themselves if the stock is too pricey and potentially too volatile. Trump Media debuts with a stock price near $50 and a market value of about $6.8 billion. Many of Digital World’s investors were small-time investors either trying to support Trump or …
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