Trump Media shares fall after new SEC filing with re-audited financial statement

Trump Media, which trades as DJT on the Nasdaq, is majority-owned by former President Donald Trump

Trump Media submitted an updated inspection of the company's finances by a newly hired public accounting firm after its last auditor was charged with fraud.

Trump Media hired Semple, Marchal & Cooper LLP days after the SEC charged its prior auditor, BF Borgers CPA, with "massive fraud."Shares of Trump Media initially dropped more than 7% on Monday's announcement. The stock was down about 6% as of 1:00 p.m. ET.

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