Newsmax takes a breather
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Since it launched in 2014, the conservative cable network Newsmax has struggled to take viewers away from Fox News, the faraway leader in the sector, even as it has occasionally experienced periods of...
From The Washington Post
The Boca Raton, Fla., outlet’s stock price surged after its initial public offering Monday.
From Seattle Times
Despite its lofty valuation, Newsmax has struggled to turn a profit during the run-up to its stock market debut.
From The New York Times
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Newsmax's stock took flight immediately following its IPO, soaring as much as 2,230% by Tuesday. Yesterday, however, shares of Newsmax plummeted 77%.
The MAGA cable channel Newsmax was briefly worth $30 billion this week before its share prices tumbled by 80 percent three days after its market debut. The company briefly had a market cap of $30 billion,
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Mediaite on MSN‘Exciting Day on the NYSE’: Newsmax CEO, Personalities Ring Opening Bell on Wall Street Ahead of Market WipeoutInvestors spooked by Trump's reciprocal tariff policy continued a selloff at the market open Thursday with the Dow plunging 1,400 points.
Newsmax's shares closed with a more-than-eight-fold gain at $83.51 on Monday, partly buoyed by retail interest.
Liberation day, they call it, right? The reciprocal tariffs go into effect April 2, not April Fools, but today, April 2. Yes, there's all kinds of consternation and worry about this pretty bold step.
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Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's volatility.
Even after crashing down to earth Wednesday, Newsmax is still valued at an extreme premium compared to Fox and the New York Times.
Newsmax shares soared for a second day after their public debut, as the conservative news channel gains traction during President Donald Trump’s second term.
A little-known investment bank called Digital Offering was behind Newsmax's public stock offering. An exec explains how the firm won the deal.
Hoping to replicate, if not challenge, Fox Corporation, Newsmax went public this week. The Trump-friendly cable TV network raised $75mn. On Tuesday, its shares surged from its listing price of $10 to $233, implying a market capitalisation of $30bn.