Trump Media Fires Auditor, Hires Arizona Firm

The move comes immediately after the SEC announced charges against the previous company for ’massive fraud.’

A person checks the app store on a smartphone for "Truth Social"—owned by Trump Media & Technology Group—with its website on a computer screen in the background, in Los Angeles, Calif., on Oct. 20, 2021. Chris Delmas/AFP via Getty Images

An auditing firm in Phoenix, Arizona just landed a massive client—former President Donald Trump’s media company, Trump Media and Technology Group Corp., which owns the former president’s social media network Truth Social.

Trump Media officially has a market capitalization of $6.7 billion, more than all of the Phoenix-based auditing firm Semple, Marchal & Cooper (SMC), LLP’s pre-Trump clients combined.