Twitter Acquires, Shuts Down Social News Startup Summify

Summify, a startup that uses social data to create a personalized news digest, just announced that it has been acquired by Twitter. This sounds like a talent acquisition on Twitter's part ? in other words, the main purpose of the acquisition was probably hiring the Summify team. Some of Summify's feature have been immediately disabled, it's no longer accepting new users, and in a few weeks, Summify says it will shut down the current product entirely. Meanwhile, the startup will be moving from Vancouver to San Francisco to work out of the Twitter office.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/jaofnuYFRHs/

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