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Teenager's Summly News App Dominates App Store Charts

By - Source: TruthDive | B 12 comments

App has garnered over $1 million in funding.

A smartphone app that provides summaries of news stories entered the top 10 chart in Apple's app store just two hours after its release in the United States.

Entitled Summly, the app was by designed by London-based 17-year-old Nick D'Aloisio. The application has received more than $1 million in funding from several investors, with notable supporters including Newscorp owner Rupert Murdoch, Stephen Fry and Tech City CEO Joanna Shields.

The free app utilizes algorithms to process news stories into summaries, with users being able to see the story in full by a swipe. D'Aloisio took time off his school in order to develop his idea.

"We worked hard on an interface that looks like nothing else on iPhone," he told the BBC. "We merged algorithm with beautiful design. It's summarising thousands of articles every minute. I see big visions for the company longer term. We can really become the de-facto format for news on mobile. People are not scrolling through 1,000-word articles - they want snack-sized information."


D'Aloisio appointed Bart Swanson, who managed the roll-out of the world's largest online retailer Amazon into Europe, to chair the firm behind Summly.

Looking towards the future, D'Aloisio wishes to see users making micro-payments in order read some stories in full if they choose to view the whole story. "Traditionally publishers have been confined to a paywall system," he explained. "You can either give away the headline or the full article. But we can really sell the summary level."

He stressed his plans to finish college and proceed to university, but also wants to remain involved in the company. "I'm going to do my best to stay, I'm the founder and it's my vision and I want to see that through."

 

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Top Comments
  • 16 Hide
    ricardok , November 6, 2012 2:42 AM
    Yet you are here commenting it. ;) 
Other Comments
  • 4 Hide
    merikafyeah , November 6, 2012 2:38 AM
    I do something similar with Tom's Hardware. I just read the headlines, and if it has anything to do with smart phones, or Apple, I skip it.
    As you can imagine, I don't read much on Tom's nowadays.
  • 16 Hide
    ricardok , November 6, 2012 2:42 AM
    Yet you are here commenting it. ;) 
  • Display all 12 comments.
  • 5 Hide
    s3anister , November 6, 2012 3:31 AM
    I do something similar with Tom's Hardware. I read every article hoping that they will get better content or at least have proper editing, but they don't.

    As you can imagine, I read too much Tom's nowadays.
  • 2 Hide
    abbadon_34 , November 6, 2012 3:42 AM
    I just dont care
  • 0 Hide
    Pyree , November 6, 2012 4:10 AM
    My phones has something like that since day one. I don't understand what this fuzz is all about.
  • 0 Hide
    castle songbird , November 6, 2012 4:16 AM
    I don't even know how to read.
  • 2 Hide
    toxteth , November 6, 2012 4:47 AM
    He's made the iphone look like a Windows 8 phone :-)...iphones must not have such a summerising function built in, but to invest 1 million in such an app...some people have too much money and not enough sense...
  • 3 Hide
    aftcomet , November 6, 2012 5:02 AM
    I'm pretty sure Google Reader already does this.
  • 1 Hide
    Solandri , November 6, 2012 9:31 AM
    PyreeMy phones has something like that since day one. I don't understand what this fuzz is all about.
    The fuss is apparently that some big names in the media industry are backing it. The media industry has been unhappy about consolidators like Google News summarizing their stories in exchange for sending traffic their way. For some reason they believe that others should send traffic their way, and pay them for it.

    So now they've helped fund a startup which does exactly that for mobile devices. And they're using their influence to push stories about what sounds like an otherwise unremarkable app in order to make it popular. They probably have the long-term hope that if this is successful, they can threaten to cut off other news summary services to coerce them into paying. (Not saying this idea makes any sense; just saying that's probably what they're thinking.)
  • 1 Hide
    frank_drebin , November 6, 2012 1:55 PM
    whats with weird app names. WTF is summly? no proper words left in english vocabulary anymore
  • 1 Hide
    ddpruitt , November 6, 2012 3:12 PM
    Quote:
    The free app utilizes algorithms to process news stories into summaries


    IE it takes the title of articles and displays them together. How in the world did he get $1M worth of backing for this??

    And for a Teenager supposedly developing it I see a lot of "We"s in his dev process.
  • 1 Hide
    fracture , November 6, 2012 5:05 PM
    LoL, micro transactions to read the whole article haha
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