Business Insider
Newsletters
Video News

Newsmax's multibillion-dollar stock surge

Leila Medina
2025-04-02T21:04:23Z
Description Angle down icon An icon in the shape of an angle pointing down.

Newsmax, a conservative media company, became a meme stock after its IPO skyrocketed by 2,190%, bringing its market valuation to over $20 billion. Why did this happen?

More from News

TikTok workers report growing Chinese oversight of US operations
Play icon A triangle pointing right which indicates this type of media can be played.
A composite image of the US and Chinese flags and the TikTok logo.
North Korea is building a giant new warship
Play icon A triangle pointing right which indicates this type of media can be played.
A close-up overhead shot of North Korea's new frigate at the Nampo Shipyard.
Katy Perry and 5 other women fly into space for 11 minutes on Jeff Bezos's rocket
Play icon A triangle pointing right which indicates this type of media can be played.
NS-31 landing after all-women space flight
VIDEO Subscribe

Jump to

  1. Main content
  2. Search
  3. Account