
The Rollercoaster Ride of Newsmax’s IPO: A New Era of “Meme Stocks”?
Newsmax debuted on the New York Stock Exchange at $10 per share and skyrocketed over 2,500% to $260 in just two days, echoing past “meme stock” frenzies. The stock’s surge increased Newsmax’s market valuation to over $20 billion, pushing it into the