Newsmax, a conservative cable channel supported by Donald Trump, experienced a remarkable stock market debut with shares increasing by 2,230% since its NYSE listing. Initially priced at $10, shares peaked at $264.89 before dropping to $177.8. Founded in 1998, Newsmax has a market cap of $29.9 billion, surpassing major media companies. Its rise is attributed to Trump's presidency and the popularity of right-wing content. However, it faces challenges from established competitors like Fox News and legal issues from defamation lawsuits. Teljes cikk (Euronews.com)