RFO Newsmax Has Huge Stock Price Increase after IPO

The “IPO” abbreviation here is the familiar one, “initial public offering,” referring to the first sale of stock to the public by a company.  “RFO” is one of our own coinage, meaning “rival fake opposition.”  Newsmax made its stock available to the public for the first time just last Friday, and it has taken off like a rocket. When it comes to fake opposition to the long-dominant liberal mainstream media, it might be something of an exaggeration at this point to call Newsmax a rival to the big one, which is Fox News.  I know that I find Newsmax quite boring and hard to watch compared to Fox, and the numbers at Adweek, though a bit difficult to decipher, tell…

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