[StockNinja] SEC charges Trump Media auditor with ‘massive fraud’...

This week's stories

• Ending of Google's Monopoly Trial has Silicon Valley on Edge
• Hims and Hers loses $210 million in stock value after CEO says he is "eager" to hire anti-Israel protestors
• SEC charges Trump Media auditor with ‘massive fraud’ on hundreds of companies, imposes lifetime ban
  

Story 1: SEC charges Trump Media auditor with ‘massive fraud’ on hundreds of companies, imposes lifetime ban

The Securities and Exchange Commission (SEC) charged Trump Media's auditor, BF Borgers CPA, and its owner, Benjamin Borgers, with "massive fraud" in accounting work for over 1,500 public companies. Both parties agreed to pay $14 million in penalties and a permanent ban from auditing public companies, without admitting or denying the allegations. The share price of Trump Media dropped 9% shortly after the news.

What will this do for the $DJT stock this week?

Source: https://www.cnbc.com/2024/05/03/trump-media-auditor-charged-by-sec-with-massive-fraud-permanently-barred-from-public-company-audits.html

Story 2: Ending of Google's Monopoly Trial has Silicon Valley on Edge

Google's landmark antitrust trial is entering it's final stage, leaving Silicon Valley anxiously awaiting the outcome. The Department of Justice, along with 14 states, argue that Google holds an illegal monopoly over online search and advertising. The trial exposed Google's extensive financial deals to maintain its dominance, including a staggering 36% share of its search ad revenue going to Apple. As the federal judge weighs the evidence, a decision to break up Google's search empire would have massive repercussions for the entire tech industry.

I wonder how upcoming AI-search engines are going to impact this trial and Google's search dominance?

Source: https://finance.yahoo.com/news/the-ending-of-googles-monopoly-trial-has-silicon-valley-on-edge-113835464.html

Story 3: Hims and Hers loses $210 million in stock value after CEO says he is "eager" to hire anti-Israel protesters

Buzzy healthcare company Hims & Hers lost nearly $210 million in stock value in a single day after the company’s CEO said he and other executives were “eager” to hire anti-Israel student protesters who’ve faced disciplinary actions from their universities.

The online sexual health and pharmaceutical company plummet 8% on Friday from its opening price of $12.24 to $11.26 — just two days after Palestinian-American CEO Andrew Dudum said companies would be happy to have the protesters and encouraged them to apply to Hims and Hers.

Is it related? And what are your thoughts on politics playing a role in business?

Source: https://nypost.com/2024/05/03/us-news/hims-and-hers-stock-plummets-8-after-ceo-says-he-is-eager-to-hire-anti-israel-protesters/

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