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flag Newsmax's stock skyrocketed then plummeted in its first three days, yet it remains a top U.S. cable news channel.

flag Newsmax's stock surged over 1,564% in its first two days on the New York Stock Exchange but plummeted by 77% on the third day. flag CEO Christopher Ruddy emphasized focusing on growing the news operation rather than the stock price, attributing the initial surge to public trust and appreciation for Newsmax content. flag Despite the volatile stock performance, Newsmax has grown to become the fourth highest-rated cable news channel in the U.S.

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