Twitter buys Summize

MediaEater said so, but he got scooped by some dude with 3 readers.

 

I suppose it was just easier to buy it out than to distract themselves with their attempts to fix their scaling issues by building something new.

Plus, I imagine it came pretty reasonably, because at the end of the day, they could just decide to shut off the API for Summize and then where would the company be? 

Updated thought:   Who the hell is Josh "3 readers" Chandler and how'd he get this scoop?