Jim Cramer Bearish on Newsmax (NMAX) Because “They’re Losing Money”

Newsmax, Inc. (NYSE:NMAX) is among the stocks Jim Cramer discussed alongside the tech market divide. When a caller asked what Cramer thinks of the company, he said:

They’re losing money, and I have found that buying companies that are losing money right now has been a losing bet.

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Newsmax, Inc. (NYSE:NMAX) is a television broadcaster and digital content publisher that provides news, lifestyle programming, and historical documentaries. In addition, it offers advertising services, health and financial newsletters, and sells nonfiction books and nutraceuticals. During the April 2, 2025, episode, a caller highlighted the company’s IPO and sought Cramer’s advice on the stock. He responded:

Okay, that’s a good question. Okay, it’s, it’s a meme stock. What does that mean? It means it’s in control by a few people who write, a meme stock actually means that it’s determined by social media. It’s not determined by buyers and sellers of the traditional ilk. Social media was big on it yesterday and it’s turned on it today because we don’t know what social media will do. It’s therefore not predictable. It’s no more predictable for me than who’s going to win in a given game, and there’s no line to help you.

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