Technology
New York Times in talks to buy Letterboxd for $330 million
The New York Times is reported to be in talks to acquire Letterboxd, the film-logging and review platform, for $330 million. Letterboxd grew from 3 million users in January 2021 to 28 million by April this year, and more than half of its users are under 35. Its projected earnings for 2026 are about $15 million, so the reported price is roughly 22 times that figure.