Items tagged with (NYSE: WPO)

How's this for perspective? A two-year old startup by the name of Instagram sold to Facebook for $1 billion. A newspaper housed in a nation's capitol city, which has been around over a century, has just sold for one quarter of that. It's a strange, wild, and completely digital world that we're living in today, which may help explain why the founder of Amazon has paid $250 million in cash for The Washington Post. It's important to note that Amazon isn't buying the paper, but Bezos himself. Moreover, this isn't the first time Bezos has invested in the news business; he has also invested in the Business Insider website. The transfer is expected to be completed within two months, making Bezos the... Read more...