Trump Media & Technology Group (TMTG) recently acknowledged a significant material weakness in its financial reporting controls, affecting its ability to accurately report to the SEC. The disclosure highlights a governance challenge and suggests shortcomings in their accounting practices and SEC reporting experience. While TMTG’s cash reserves remain strong, with $759 million on hand, concerns about investor credibility have arisen due to potential inaccuracies in financial reporting. The company has begun remedial efforts to address these issues. This issue follows similar challenges faced by newly public companies like Rumble Inc., which also struggled with their financial controls. To strengthen operations and ensure compliance, TMTG will need to hire qualified SEC experts to rectify the weaknesses identified.