Twitter's new financing round gives the company a $3.7 billion valuation.

That's almost twice as much as the New York Times, which has an enterprise value of $2 billion today.

There is an obvious difference: The New York Times Company value is based on a public stock, which anyone can purchase, while Twitter's valuation is based on a private round of financing that individuals couldn't participate in.

But, in theory, at least, Twitter is now worth twice as much as the Times. Wow!

Related: How Twitter Went From A $7,500 Domain To A $3.7 Billion Company