Chronotope’s Twitter Archive—№ 138,057

An app for aggregating news is considered more valuable than most individual publications it aggregates from. mediagazer/751488737599582209
Permalink On twitter.com ♻️ 14 Retweets ❤️ 35 Favorites 2016 Jul 8 Mood 0

…in reply to @Chronotope
The entirety of WaPo sold for half or less than the valuation of SmartNews. This is more than 25% the value of the NYT.
Permalink On twitter.com ❤️ 4 Favorites 2016 Jul 8 Mood 0

…in reply to @Chronotope
The SmartNews app for aggregating news is worth 1/3rd the total valuation of BuzzFeed.
Permalink On twitter.com ❤️ 1 Favorite 2016 Jul 8 Mood +2 🙂

…in reply to @Chronotope
All of Tronc, which owns the paper listed in the SmartNews preview image, has a market cap of $431.40M, $70-170 million less than this app.
Permalink On twitter.com ❤️ 1 Favorite 2016 Jul 8 Mood 0

…in reply to @Chronotope
The LA Times, which is being used in the SmartNews preview, is a mere fraction of a total company which is still worth less than this app.
Permalink On twitter.com ❤️ 3 Favorites 2016 Jul 8 Mood +2 🙂

…in reply to @Chronotope
I just downloaded the app & opened it. First story is from The Huffington Post. HuffPo was sold for ~$200M less than this app is valued for.
Permalink On twitter.com ❤️ 2 Favorites 2016 Jul 8 Mood 0

…in reply to @Chronotope
Exactly what value is it adding to these publishers? Speed? Less advertising? Suggestions?
Permalink On twitter.com ❤️ 1 Favorite 2016 Jul 8 Mood 0

…in reply to @Chronotope
The building that once was filled with Tribune Media is worth more than Gawker. kelseymsutton/770744253949550597
Permalink On twitter.com ❤️ 5 Favorites 2016 Aug 30 Mood +2 🙂

…in reply to @Chronotope
But also that huge building still isn't worth half-as-much as the valuation for a company that aggregates news from other companies.
Permalink On twitter.com ❤️ 2 Favorites 2016 Aug 30 Mood -1 🙁

…in reply to @Chronotope
Good time to note that Gawker was sold for about 1/5th the value of a SmartNews, an app that does little but aggregate Gawker and others.
Permalink On twitter.com ♻️ 2 Retweets ❤️ 5 Favorites 2016 Aug 30 Mood +3 🙂

…in reply to @Chronotope
In 5 years SmartNews... a curated RSS reader... quadrupled its valuation techcrunch.com/2021/09/15/news-aggregator-smartnews-raises-230-million-valuing-its-business-at-2-billion/
Permalink On twitter.com ❤️ 3 Favorites 2021 Sep 15 Mood 0

…in reply to @Chronotope
SmartNews... which does not create its own content, nor does it *host* content outside of aggregation, is now valued at 2/3s of the entirety of Automattic, which runs the hosting services for many major news websites along with a significant chunk of the web.
Permalink On twitter.com ❤️ 3 Favorites 2021 Sep 15 Mood +1 🙂

…in reply to @Chronotope
Politico, which reportedly brings in $200m/year, apparently was sold for 1/2 a SmartNews. Just a fun little comparison worth noting.
Permalink On twitter.com ❤️ 2 Favorites 2021 Sep 15 Mood +6 🙂

…in reply to @Chronotope
The main thing I wonder when I see these stories which emphasize that they are using AMP and aggregating Local pubs now is how they keep going when many of the publishers they aggregate die out because they can't even get close to a $10m investment?
Permalink On twitter.com ❤️ 2 Favorites 2021 Sep 15 Mood -3 🙁

…in reply to @Chronotope
Anyway, a fun little fact to leave you on: 5 years ago at the beginning of this thread SmartNews was worth less than BuzzFeed's estimated value. Now it is worth $500 million more.
On twitter.com ❤️ 1 Favorite 2021 Sep 15 Mood +7 🙂

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