The Summly deal makes no sense – Vibhu Norby
The story about Summly’s 17-year old founder cashing out his company for $30,000,000 is fascinating because it makes no sense. I hate to be a curmudgeon, but I think Yahoo shareholders deserve an explanation. It’s not clear at all to me that they are getting their money’s worth. Let’s walk through the story together.
I really like Summly, but I’m in the same boat. Yes, Yahoo is on the rebound and Marissa Mayer is doing some great things, but that still doesn’t explain how Summly fits in or will help the bottom line. If the app stays intact and becomes Summly by Yahoo! (exclamation included for parody, not propriety), my guess is that in a few months, maybe a year or two, you’ll see an ad pop up for a bit, then they’ll kill it.
Engadget: Ubuntu for tablets revealed with split screen multi-tasking, preview for Nexus slates coming this week
Typical users don’t multitask on their traditional Macs and PCs, which have been obsessively built and tuned for multitasking for the last three decades. Go people watching in any coffee shop or board room and tell me I’m wrong.
I can’t imagine they care about multitasking on their tablet.
We live in a increasingly contextual, on-demand world, and this interview Robert Scoble did with Steve Yankovich, eBay’s VP of mobile, is an eye opener. I know, it’s Robert Scoble, but he does better work than most give him credit … Read more →
Martin Bekkelund outlines a story from his friend Linn, who found that Amazon closed her account and wiped her extensive Kindle library, then offered only boilerplate text snippets for an explanation of why. I’ve been looking all morning for a … Read more →
Verizon has begun packaging and selling everything you do on your smartphone and where you do it, right down to your app usage, web browsing, and whether you own a pet. While it will probably take months, if not years, … Read more →
Yes, it’s BI, but one research firm has found that overall search volume experienced a meanginful year-over-year decline last month for the first time in the six years it’s been tracking such statistics. You likely won’t see Google comment on … Read more →
Justin B. Hollander: Such [e-reader and multimedia web site] technologies certainly have their place. But Secretary Duncan is threatening to light a bonfire to a tried-and-true technology — good old paper — that has been the foundation for one of … Read more →
Calculated move to juice hype, or genuine partner in-fighting that won’t do any favors for the platform?
In 2010, HP’s Mark Hurd spent $1.2 billion to buy Palm, an early pioneer of the portable device market. His disgraceful replacement, Leo Apotheker, miraculously fumbles Palm’s webOS revival, rage-quits the project, gets away with far too many other asinine … Read more →
This is a big deal. Square’s done great on its own so far, scoring deals like powering New York’s taxi service back in March and a significant investment from Visa in April 2011. But 7,000 high-traffic coffee shops across the … Read more →