Conservative cable channel Newsmax shares plunge more than 70% after a dizzying 2-day surge
1. Newsmax shares dropped over 70% after a brief trading surge. 2. The stock debuted via a Regulation A offering targeting retail investors. 3. Newsmax previously had a market cap nearing $30 billion post-IPO. 4. Less than 6% of shares are publicly traded, limiting market liquidity. 5. The channel's ratings remain strong despite competition from Fox News.