TROMP friend NEWSMAX shares jump by 2200 % after Wall Street appears for the first time

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Christopher Rudi, a Mongol for the right -wing media and his friend, Donald Trump, has become billions of one million after the NewSmax shares continued to increase its general inclusion for the first time on Monday – an unlikely result of the cable TV channel.

The stocks at Newsmax Ruddy closed 179 percent at $ 233 on Tuesday. This has taken the gains of the stock since their launch on the New York Stock Exchange to more than 2,200 percent, in an echo of “Meme Stock Mania” that attracted US shares Markets in 2021.

The conservative TV Company, founded by Rudi in 1998, achieved the market value of more than 20 billion dollars on Tuesday – although the organizational deposits that showed newsmax lost 72 million dollars on the revenues of $ 171 million last year.

Ruddy, a former New York Post journalist who is frequenting the Trump Mar Lago Golf Resort, owns 39.2 million first -class shares in Newsmax, and his shares are estimated at $ 9.1 billion. The company raised $ 75 million in its offers A+ – which comes with less well -known organizational burdens than traditional The first general offering – In addition to $ 225 million in a special preferred offer that was closed in February.

NewsMax promotes the public menu on the air for viewers, as she published Chyrons urging them to “be the owner of newsmax!” in Editorial Rudi posted on its website last July, “We hope that hundreds of thousands of Americans like you will be the owners of participating in newsmax”, and direct them to buy stocks through “NewsMaxinvest.com”.

Ruddy Books: “NewsMax rises because the Americans like you are tired of amazing media bias, and they now reach a dangerous level.”

Newsmax list made a surprise to investors including Republican donor billionaire Thomas PetroviWho lives like Rudi in Palm Beach, Florida, near Mar Lago.

The unlikely enthusiasm of the company that earns most of its money from cable TV, a company in a long -term decrease, has pushed anxiety from Petervy.

He told the Financial Times that he had “surprised” the price of the high arrow in Newsmax. “I think Newsmax is a great company and will have a very bright future, but I think it does not guarantee this high price,” said Petrovi. The company included its shares at $ 10.

Peterfy has more than 23 million NewSmax Class B. Petrevi said: “I have seen that there will be a great need for another – next to Fox News – there will be a significant request on a somewhat different conservative channel.”

Among the other investors who stand to manufacture and old sheikhs Sheikh Sultan bin Jassim Al Thani, a member of the Qatari royal family, and was a adviser to the Gas -rich Prime Minister. It owns nearly 20 million shares of about $ 4.7 billion, according to securities files.

A lawsuit was against NewsMax, such as Fox News, by Dominion and Smartmatic technology companies for its alleged participation in spreading election denials in 2020. Newsmax settled last year with Smartmatic, and they agreed to pay 40 million dollars. However, Dominion’s lawsuit is scheduled to start the trial of the jury later this year. NewsMax denies committing any violations.

In March, the company added Alex Acosta, the former Minister of Labor, during the first period of Trump, to its board of directors. Acosta resigned from his post in 2019 after Miami Herald revealed that he had concluded a Habiba deal with the late financier Jeffrey Epstein while working as an American lawyer in Florida.

Some hedge boxes were betting against newsmax, as they pushed a high interest rate to borrow their shares in anticipation of their shares quickly. One of the hedge funds told the Financial Times that he believed the stock will decrease in the coming days, as retail investors who participated in the list will seek large profits.

When asked if he would sell his shares within six months, Petrovi said he was not sure. “One never decides to move the investment until the time comes.”

The strong appearance of Newsmax comes as many major groups have borne disappointment as public companies in recent weeks, which are weighed by broader concerns about the slowdown in economic growth in the United States.

The NEWSMAX evaluation on Tuesday is compared to $ 20 billion with the market value of Fox Corp with a value of $ 24 billion – although FOX has achieved $ 14 billion in the fiscal year 2024, compared to only $ 171 million for the NewsMax.

Rudi did not immediately respond to suspension requests.

This story was modified to clarify that Sheikh Sultan was not the Deputy Prime Minister in Qatar, but a advisor to the Deputy Prime Minister of the Emirate.