Briefly: Instagram Worth More Than The New York Times

Briefly: Instagram Worth More Than The New York Times


Earlier tonight, we brought you the news that Facebook was set to acquire photo-sharing service Instagram, for a reported $1 Billion.

Following the shock announcement, Dennis K. Berman (@dkberman) of The Wall Street Journal shared the amusing fact that Facebook’s valuation of the start-up appears to outstrip the current market worth of long-established news publication, The New York Times.

Noting that we should “Remember this day,” Berman highlighted that the 551-day-old start-up which was just acquired by Facebook for $1 Billion has beaten the 116-year-old New York Times Company by a fair few million, with the company currently worth $967 Million, according to Google Finance.