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Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier

CNBC
Summary
Nutrition label

83% Informative

Ernst & Young resigned as Super Micro's auditor last week after raising concerns over the company's internal controls, board independence, and accounting practices.

Super Micro was hit with a short-seller report earlier this year , has delayed filing its financial statements for 2024 , and is reportedly under federal investigation.

EY said in its resignation letter was "unwilling to be associated" with management's financial statements.

VR Score

89

Informative language

92

Neutral language

50

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

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Time-value

short-lived

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