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.

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