Overview

• Trump Media stock fell over 6% following the release of re-audited financial statements.
• The company reported a net loss of $58.2 million for the year ending December 31, 2023.
• The re-audit was conducted by Semple, Marchal & Cooper after BF Borgers was barred by the SEC.
• BF Borgers faced SEC charges for failing to comply with auditing standards in over 1,500 filings.
• Critics argue Trump Media's market valuation is disproportionate to its revenue and user base.