The stock market thinks the Washington Post is worth around $0

The stock market opened about an hour ago, and stock for our soon-to-be-former parent company, the Washington Post Company, is up about 6 percent, from $568 at the close of business Monday to more than $600 today.


Washington Post Company stock value, from Yahoo.

That suggests the market thinks Jeff Bezos paid significantly more for The Washington Post than the newspaper was worth to its parent company. How much? Well, the parent company's market capitalization is about $4.4 billion. And six percent of $4.4 billion is a bit more than $250 million.

And Bezos paid $250 million for the newspaper. In other words, the market thinks The Washington Post, the newspaper, was worth approximately $0 to its parent company. But maybe Bezos can use his business acumen to increase its value.

business/technology

the-switch

Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Comments
Show Comments
Most Read Business

business/technology

the-switch

Success! Check your inbox for details.

See all newsletters

Next Story
Brian Fung · August 6, 2013

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.