Newsmax's Wild Stock Ride: Surge, Plummet, and Uncertain Future
#Newsmax #stockplungeNewsmax's stock price surged to $233 before plummeting by nearly 80%, wiping out most of the gains that briefly made it more valuable than Fox. Analysts warned that the company's rapid rise resembled a "meme stock" and could result in significant losses. read more
Newsmax's IPO Surge Raises Red Flags Despite Billion-Dollar Valuation
#Newsmax #MemeStocksNewsmax, a conservative media company with recent financial struggles, saw its shares surge over 2000 percent post-IPO, making it worth more than Fox Corporation. Labeled a "meme stock," experts caution about the risky investment. read more
Newsmax Settles Defamation Lawsuit, Pays Smartmatic $40 Million
#Newsmax #defamationsuitNewsmax booth at 2024 Republican convention in Milwaukee settles a $40m defamation suit with Smartmatic over false 2020 election claims. Similar cases with Fox and Dominion highlight the impact of libel laws on misinformation. read more
Newsmax settles defamation lawsuit with Smartmatic in $40 million deal
#Newsmax #SmartmaticNewsmax has settled a lawsuit with Smartmatic, agreeing to pay $40 million and issue shares. The settlement was disclosed in a recent investment prospectus as Newsmax plans to go public. Smartmatic plans to continue litigating against Fox News. read more
White House AP Ban Sparks Controversy Among News Outlets
#FoxNews #NewsmaxFox News and Newsmax initially supported the White House in banning the Associated Press over a geographical naming dispute but later quietly joined a letter urging the ban to be lifted. On-air, their hosts criticized the AP while behind the scenes, they supported press freedom. read more
Newsmax Host Applauds Trump as "Dictator" Chosen by Voters
#Newsmax #USpoliticsNewsmax host praises Trump as a "dictator" that Americans voted for, highlighting Trump's swift executive actions. Finnerty commends the administration's assertive approach and criticizes the media for not keeping up with the fast pace of changes. read more
"Newsmax Urges Trump to Drop Pete Hegseth's Nomination Amid Scandals"
#FoxNews #NewsmaxFox News remains silent on Pete Hegseth's scandals, but Newsmax openly urges Trump to drop his defense secretary nomination. Allegations of sexual misconduct and mismanagement have put Hegseth's confirmation in jeopardy, with Newsmax calling for his withdrawal. read more
Former Rep. Matt Gaetz Considers Role at Newsmax Amid Scandal.
#MattGaetz #NewsmaxMatt Gaetz considers a role at Newsmax after withdrawing from Congress. Newsmax has a history of supporting Gaetz; the network's executives have expressed a desire for him to host his own show, viewing him as a potential asset. read more
#Newsmax #SexualHarassment
Newsmax, a right-wing channel, faces accusations of allowing rampant sexual harassment by a supervisor towards female guests and a staffer without repercussions. The lawsuit exposes severe and pervasive misconduct, indicating a culture at the network that permits such behavior. read more
#Newsmax #2020ElectionLies
Christopher Ruddy, the CEO of Newsmax, spoke at the Conservative Political Action Conference and faces allegations of deleting evidence regarding spreading lies about the 2020 election in a lawsuit filed by Smartmatic, including deleted text messages and emails. read more