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Last week, Ritter suggested the stock price might fall 95% from its first-day trading price of $57.99. That would be the upside potential, he said today. That would be the upside potential, he ...
It peaked at $66 on March 27, its second day as a public company. The stock crashed to a post-merger low of $22.84 on April 16 and has since more than doubled to nearly $50.
Truth Social owner Trump Media & Technology Group announced Monday it fired BF Borgers after US regulators accused the accounting firm of “massive fraud.”
BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission on Friday with widespread fraud impacting more than 1,500 filings.
That peer group includes Facebook owner Meta, Pinterest, Snap, Reddit and Rumble. By comparison, Trump Media is trading at north of 1,200 times sales, according to Kennedy.
Short-sellers, who profit when the share price falls, are still down 68% since the trading debut in late March, with $94.8 million of year-to-date mark-to-market losses, he said.
Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at ...
The agency, calling BF Borgers a “sham audit mill,” said the company and its owner engaged in “deliberate and systemic failures to comply with Public Company Accounting Oversight Board ...