Newsmax stock plunges 77% after blistering post-IPO rally

[EvilEyeFleegle]

So, stock is issued...goes up by over 2,000%-- then it craters--losing more than 75% of its value.
Wild speculation, followed by profit-taking...followed by massive loss in value...not that it matters..by traditional rubrics, the company has been losing money at a steady pace since its founding.

Newsmax stock plunges 77% after blistering post-IPO rally

Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's volatility.

www.businessinsider.com

What it means: As with popular meme stocks, the huge momentum has been followed by a brutal loss that's likely to burn many retail traders who piled in and helped drive the massive two-day gain.

Similar to Trump Media & Technology Group, which trades heavily on retail investor sentiment, individual investors have piled into Newsmax shares. The high demand and relatively low supply of stock available to trade have helped push the stock price up massively in two days since the IPO.

The explosion in Newsmax stock is reminiscent of DJT in other ways, too. Both stocks rocketed post-IPO despite the companies losing money. Newsmax posted a loss of $72.2 million in 2024 after a loss of $41.8 million in 2023. Annual revenue grew from $135.3 million in 2023 to $171 million in 2024.

 

[1srelluc]

I heard the same thing from the left after Musk bought Twitter.....Now it's making money as X as the advertisers that bailed are coming back.

 

[Tommy Tainant]

So, stock is issued...goes up by over 2,000%-- then it craters--losing more than 75% of its value.
Wild speculation, followed by profit-taking...followed by massive loss in value...not that it matters..by traditional rubrics, the company has been losing money at a steady pace since its founding.

Newsmax stock plunges 77% after blistering post-IPO rally

Newsmax stock price crashed 77% on Wednesday after a wild post-IPO rally. Its low share float heightens the stock's volatility.

www.businessinsider.com

What it means: As with popular meme stocks, the huge momentum has been followed by a brutal loss that's likely to burn many retail traders who piled in and helped drive the massive two-day gain.

Similar to Trump Media & Technology Group, which trades heavily on retail investor sentiment, individual investors have piled into Newsmax shares. The high demand and relatively low supply of stock available to trade have helped push the stock price up massively in two days since the IPO.

The explosion in Newsmax stock is reminiscent of DJT in other ways, too. Both stocks rocketed post-IPO despite the companies losing money. Newsmax posted a loss of $72.2 million in 2024 after a loss of $41.8 million in 2023. Annual revenue grew from $135.3 million in 2023 to $171 million in 2024.

You would have to have a heart of stone not to laugh,

 

[citygator]

It's still overvalued.

 

[citygator]

I heard the same thing from the left after Musk bought Twitter.....Now it's making money as X as the advertisers that bailed are coming back.

He bought twitter for $44B and sold it for $33B to himself (the only person willing to value it that high). You are hilarious if you think there is something Elon did that didnt destroy value. Just like he did for the government that got him fired.

 

[1srelluc]

He bought twitter for $44B and sold it for $33B to himself (the only person willing to value it that high). You are hilarious if you think there is something Elon did that didnt destroy value. Just like he did for the government that got him fired.

And this, ladies and gentleman is why you don't take advice from a dem loon.

 

[citygator]

And this, ladies and gentleman is why you don't take advice from a dem loon.

When you devolve to name calling you've signified you lost the argument. White Flag accepted.

 

[egp320i]

ah the classic pump and dump.......I like newmax but I don't see how they can make a large revenue on just some ads

 

[Rawley]

ah the classic pump and dump.......I like newmax but I don't see how they can make a large revenue on just some ads

Aren't advertisements how tv networks make money?

 

[egp320i]

Aren't advertisements how tv networks make money?

yes in general but I have watched newmax, not much and they did not have that many ads

 

[BackAgain]

Op dislikes conservative news outlets.

That’s all this dopey thread is about.

 

[egp320i]

Op dislikes conservative news outlets.

That’s all this dopey thread is about.

the OP is from ID so a better chance red than blue but I am not sure, I can only speculate until they cement their position

 

[egp320i]

the OP is from ID so a better chance red than blue but I am not sure, I can only speculate until they cement their position

twin falls is not on the liberal radar, you have some jumper junkies for the bridge but mostly west coast liberals have ruined sandpoint, CDA
they are trying boise and idaho falls but the mormons are doing their best to keep them at bay