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Newsmax Shares Plummet 70% After Initial Surge: What Went Wrong?

Newsmax Shares Plummet 70% After Initial Surge: What Went Wrong?

BUSINESS - 4/2/2025

Newsmax's stock price nosedived over 70% after a historic debut on the NYSE, raising questions about the sustainability of its initial surge and the implications for retail investors.

Newsmax CEO Christopher Ruddy Gains $3.3 Billion as Shares Soar 735%

Newsmax CEO Christopher Ruddy Gains $3.3 Billion as Shares Soar 735%

BUSINESS - 4/1/2025

Newsmax Inc. has made headlines as its shares surged 735% in their debut, making CEO Christopher Ruddy a billionaire overnight. The conservative news network's IPO raised $75 million, closing at $83.51 after trading volatility.

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