Newsmax Debuts on NYSE, Surges 700% on First Day of Trading
Newsmax, a right-wing news outlet, made its public debut on the New York Stock Exchange (NYSE) on Monday, with its stock price soaring over 700%. The company’s market cap surged to $7.3 billion, making it more valuable than some major media companies. Trading was halted 12 times during the day due to volatility. Newsmax began … Read more