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A trial loss or a steep settlement in this case could affect Newsmax's finances significantly. Newsmax stock could still have plenty of room to sink further if there's more bad news on the legal ...
Newsmax shares plunged Wednesday in the third day of trading for the media company after a wild response to its Monday IPO.
Newsmax Media has been found guilty of defaming Dominion Voting Systems by falsely accusing them of rigging the 2020 U.S.
Like any news-focused media company, Newsmax (NYSE: NMAX) centers its business on bad news. While many people say they prefer good news, bad news attracts viewers. Those viewers attract advertisers.