Masters in Business
The Stock Movers Podcast from Bloomberg
Apr 1, 2025
The podcast dives into Newsmax's astonishing 179% stock surge post-IPO, spotlighting its $30 billion valuation amid market volatility. It also tackles the entertainment industry's ticket scalping issues, featuring high-profile examples like Taylor Swift's concert. Additionally, there's an engaging talk about Bon Iver's upcoming album and a review of PVH's strong earnings, infused with pop culture references that add a humorous twist to the financial discussion.
05:55
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Quick takeaways
- Newsmax's stock surged 179% after its IPO, highlighting the strong influence of conservative media during the election period.
- President Trump's executive order to regulate ticket scalping could shift market dynamics and affect companies like Vivid Seats and Live Nation.
Deep dives
Surge in Newsmax Shares
Newsmax experienced a massive surge in its stock value, ending the day with an impressive 179% increase. This growth follows its recent IPO, which led the company's market capitalization to reach over $30 billion. The podcast highlights the notable traction Newsmax gained during the election period, as viewers increasingly turned to conservative media. The significant rise in its stock price underscores the company's substantial influence and the impact of its leadership, particularly that of Christopher Ruddy.
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