Newsmax: Trump-endorsed news outlet sees 2,200% share surge

Trump-endorsed news channel sees shares surge 2,200% 4 hours ago Share Save Annabelle Liang Business reporter Share Save Getty Images Newsmax made its debut on the New York Stock Exchange on Monday Conservative TV company Newsmax has seen its stock market valuation surge by more than 2,200% since its debut in New York on Monday. The US firm's shares, which were originally priced at $10 (£7.75) each, stood at $233 at the end of Tuesday's trading session. That means it has a market value of almost $30bn, which surpasses Fox Corp - the owner of rival Fox News - and other media giants Warner Bros Discovery and Paramount Global. Newsmax is seen as friendly to US President Donald Trump and was promoted by him during his first term in the White House.