![]() ![]() The app topped the App store charts and received investment from well-known investors such as Li Ka-shing, a Hong Kong-based business magnate and billionaire.īrian Chesky, co-founder of Airbnb Mark Pincus, co-founder of Zynga Ashton Kutcher Stepehn Fry and Horizon Ventures also backed the startup, which raised $1.53m across two rounds.Īccording to the Financial Times, D’Aloisio declined to comment on Summly’s closure, but a spokeswoman for Yahoo said that it had been on the road map for a while. Speaking to the Financial Times in 2012, the then teenager, said: “My age group likes to get content in concise bullet points . . . Our summaries are easy to read, fit the screen, look beautiful and download quickly.” Now 21, London-born D’Aloisio created Summly in an attempt to condense full-length stories into short snippets of information thus making it easier for people to consume news on their smartphone. Now, four years later, Yahoo, recently sold to Verizon for a staggering $4.5bn, has announced plans to shut down its News Digest app built using Summly’s technology by the end of this month. News aggregation app Summly, created by UK tech entrepreneur Nick D’Aloisio and sold to Yahoo for $30m, is shutting down.Ĭreated by then 17-year-old D’Aloisio after he taught himself to code, Summly was once widely considered to be the epitome of success.
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