Yes, Twitter bought Summize
Twitter has indeed acquired Summize, a nifty search engine built specifically to index Twitter posts, TechCrunch reported Tuesday along with a video of Twitter founder Evan Williams talking about it.
The news follows sporadic rumors that were accompanied by both shaky confirmations and shaky denials. An under-the-radar blogger, Josh Chandler, reported the news first; GigaOM’s Om Malik was the first big name to “confirm” it.
Some logistics, as reported by TechCrunch: five of Summize’s six employees will become Twitter employees, minus founder Jay Verdy, who will depart the company for “a new project.” Naturally, no one’s naming numbers, but the transaction was reportedly mostly in stock.
So what does this mean? Basically, that Twitter won’t have to build its own search engine. Simple enough.
Excerpted from:
Yes, Twitter bought Summize
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