Newsmax becomes more valuable than Fox News as shares jump 2,230%
Conservative US media firm Newsmax has become more valuable than Fox News-parent Fox Corp and others like Paramount Global after its shares jumped 2,230% in two days. Newsmax shares, which debuted at $10 apiece on Monday, closed at $233 on Tuesday, giving the company a market value of $30 billion. Newsmax is seen as friendly to US President Donald Trump.