The Rundown Newsmax Jumps +1,500% Since IPO Debut, OpenAI Closes $40B Funding Round
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Apr 1, 2025 The podcast dives into the wild ups and downs of the stock market, highlighting Newsmax's astonishing IPO surge contrasted with economic hurdles. It reveals how OpenAI's soaring $40 billion funding round aligns with growing AI concerns. Discussions cover notable stock movements, like Shake Shack's rise and Johnson & Johnson's struggles, while Goldman Sachs warns of potential recession risks due to tariffs. It's a rollercoaster of market insights and entrepreneurial triumphs!
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US Stock Market Underperforms
- The U.S. stock market experienced its worst quarter since 2022, down 4.6% in Q1 2025.
- Meanwhile, other global markets performed well, with European and Chinese indices up 5% and 16%, respectively.
Newsmax IPO Soars
- Newsmax, the conservative cable news network, saw its stock price surge 735% on its IPO debut, from $10 to $83.
- Newsmax claims to be the fourth most-watched news channel in the US, behind Fox News, MSNBC, and CNN.
Newsmax's Mixed Financials
- Despite the stock surge, Newsmax's financials are mixed, with $80 million in revenue for the first half of 2024 but a $55 million loss.
- This disparity highlights the sometimes-unpredictable nature of the market.