Yahoo acquires news-summarizing app Summly for $30 million

By Jos ยท 7 replies
Mar 25, 2013
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  1. Continuing with the pursuit to revamp its digital news and media business, Yahoo has announced that it will be acquiring Summly, a startup that aims at summarizing web content into a digestible format more fit for mobile devices. Financial terms...

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  2. psycros

    psycros TS Evangelist Posts: 1,796   +1,202

    FINALLY, Yahoo actually makes a sensible move!! I've been saying for at least seven years that Yahoo needs to start pushing all of its many divisions in a big way, with news and e-periodicals being headliners. Who even hears about Yahoo Music anymore? You'd never even know it existed but its been around forever. Yahoo needs to forget social - its ran its course and really never delivered on its marketing potential. Yahoo needs to be about connecting people to what their really looking for, but in the context the *user* likes best. They could pull a total end-run around the abysmal cesspits of FB, Twitter and all the rest. An awful lot of folks still use Yahoo Mail. How about putting the ol' Yahoo quick links bar on top of the client? And while their at it they could buck the trend of ugly flat design that the industry is following blindly. Most people find it unattractive and a waste of screen real estate (not to mention non-intuitive compared to clearly labeled and recognizable iconography). Yahoo should stop following the leader and blaze a path that many of us would happily follow: a path of personal choice, easy access to a full suite of online services and attractive, highly usable design. They need to pay whatever they must to get the best outside-the-box programmers to build Yahoo a world class search engine. Are you listening, Ms. Myer? You've made some good calls recently, like eliminating the unproductive work-from-home paradigm. Go all the way and leverage Yahoo's brand power and broad catalog of services into what it should be. Show Google to be the one-trick pony that it is: all they have is search (well, that and a massive campaign of privacy invasion). Yahoo Mail is head and shoulders above Gmail and always has been, even with the less-than-optimal front-end its currently using. Right now the entire consumer tech sector is in flux. The time for bold moves that really bring people back to Yahoo is now.
  3. Jad Chaar

    Jad Chaar Elite Techno Geek Posts: 6,515   +974

    I hate to see huge companies buying out great start ups, but heck 30 million to a 17 year old. He is set for life haha. I love that app.
  4. Larysa

    Larysa TS Rookie

    Why would they close the app? Sounds like a very bizarre move to me... They will now lose the momentum saying nothing like free marketing they receive... It is like Instagram would close on FB acquisition. That would kill the app actually...

    A propos, it was difficult to find anything on Nick, here is the best resource so far: many . at / nickdaloisio
  5. 9Nails

    9Nails TechSpot Paladin Posts: 1,215   +177

    This does seem like a pretty clever app. Lucky young man as well to have had the thought and the talent to execute it.
  6. TS-56336

    TS-56336 TS Addict Posts: 609   +109

    What an early coming-of-age treat for Nick D'Aloisio. Kids... :)
  7. Jad Chaar

    Jad Chaar Elite Techno Geek Posts: 6,515   +974

    I read an article by Reuters today, he wants to invest the money. Good decisions.
  8. TS-56336

    TS-56336 TS Addict Posts: 609   +109

    Smart move indeed. The last thing he'll need is to be a philanthropist.

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