In March, Yahoo made a big splash in its already dazzling list of acquisitions when it acquired Summly, a UK-based mobile startup led by 17-year-old founder Nick D'Aloisio that summarizes long texts to make them easier to read on mobile screens. Today, Yahoo CEO Marissa Mayer unveiled the first official fruit of that acquisition:
A 160-word summary of her hour-long, 2013 Q1 earnings presentation (original length, 2,000+ words).
So for those of you who don't have the time or inclination to read the whole results transcript, or one of the many reports covering the earnings, but are still interested in what's going on at Yahoo, here it is:
I'm pleased with the continued execution I see every day — our teams have been working very hard, especially in Q1. As a result of these initiatives and many others, the talent is undeniable — today, more applicants want to work at Yahoo, and more employees are staying. These teams bring an incredible mix of engineering and technical talent, which will help us accelerate our efforts in mobile development and contentpersonalization.The teams are already moving quickly to amplify the entrepreneurial spirit that's so prevalent at Yahoo right now.
Designed to be more intuitive and personal, the new Yahoo experience is all about users' interests and preferences. Yahoo is a consumer Internet company, and the consumer Internet is a growth industry. We're on course to do what we said we would do — stabilize, and grow with the market.
[Did not make the cut: Yahoo's advertising revenue declines; the fact that search has outstripped display revenues; and that Yahoo currently has 300 million monthly active users on mobile as it gears up for a bigger push on the platform.]
In addition to Summly, which was acquired reportedly for $30 million, Yahoo in the last quarter also bought Snip.it, Alike and Jybe, "accelerating the Company's efforts to build world-class technology and engineering teams in mobile and personalization." That's in addition to the wider push the company has also made to hold on to its own key talent and appoint a new raft of executives. It now has 11,300 employees on the books.
Read our full Yahoo earnings report here.
Yahoo was founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang. It has since evolved into a major internet brand with search, content verticals, and other web services. Yahoo! Inc. (Yahoo!), incorporated in 1995, is a global Internet brand. To users, the Company provides owned and operated online properties and services (Yahoo! Properties, Offerings, or Owned and Operated sites). Yahoo! also extends its marketing platform and access to Internet users beyond Yahoo! Properties through its distribution network...
Simple, intuitive and elegant. Summly redefines news for the mobile world with algorithmically generated summaries from thousands of sources. Innovative gestures, animations and great summaries make reading the news fun: easy to use, easy to scan, easy to read, clear and concise. Nick D'Aloisio launched Summly in December 2011 as a tech summarization prototype that garnered significant interest worldwide. With backing from Horizons Ventures, and help from many NLP and AI experts around the world, Nick and the Summly team...
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