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So it boils down to: the HuffPost gets plenty of page views and traffic, but it doesn't generate enough profit. Apparently the reason for this lack of profit is that the company is still investing in growth, but growth also appears to mask the "true" value of the company. Most top sites are valued at as much as eight times their revenue, so perhaps it isn't simply a question of "is the HuffPost worth $1 billion" but rather "are all of these media sites worth what they are valued at".
Contributed by Lucy Zhang