The New York Times and Twitter: Now Worth the Same!

Nate Freeman — Mon, 01 Nov 2010 20:00:29 -0400

With its market cap at about $1.1 billion today, The New York Times Co. is now, by one measure, smaller than nanoblogging platform Twitter, Business Insider pointed out.

Techcrunch reported last week that insider info puts the social networking site's value around $1.6 billion, even though the company has yet to bring in substantial revenue.
The last official evaluation, in September 2009, estimated Twitter's worth at $1.1 billion

The closeness in value is just the latest sign of the way we read news now, and of the closing gap between the nation's paper of record and the sounding board for 100 million people tweeting. Twitter is four years old, and The Times is going on 160.

nfreeman [at] observer.com | @nfreeman1234

Observer » The New York Times and Twitter: Now Worth the Same!

The New York Times and Twitter: Now Worth the Same!