The news that Yahoo has apparently paid $30m for Summly is surprising. It is a clever app, but has a few problems.
The algorithm that is designed to condense long news stories into three smartphone friendly paragraphs often garbles prose and leaves the story and the reader hanging.
Often, the third par tends to end quite abruptly, as if the algorithm has run out of patience). It also presents a very limited range of news stories in a package that is quite tedious to navigate.
Presumably, Yahoo’s money will help sort these glitches out and do a bit to engage media recruiters by hiring a few people.
But the business model is heavily flawed – in that there isn’t one. In its current form, this is