Nuzzel
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Twitter this morning announced it’s acquiring Scroll, a subscription service that offers readers a better way to read through long-form content on the web, by removing ads and other website clutter that can slow down the experience. The service will become a part of Twitter’s larger plans to invest in subscriptions, the company says, and will later be offered as one of the premium features Twitter will provide to subscribers.
Premium subscribers will be able to use Scroll to easily read their articles from news outlets and from Twitter’s own newsletters product, Revue, another recent acquisition that’s already been integrated into Twitter’s service. When subscribers use Scroll through Twitter, a portion of their subscription revenue will go to support the publishers and the writers creating the content, explains Twitter in an announcement.
Scroll’s service today works across hundreds of sites, including The Atlantic, The Verge, USA Today, The Sacramento Bee, The Philadelphia Inquirer and The Daily Beast, among others. For readers, the experience of using Scroll is similar to that of a “reader view” — ads, trackers and other website junk is stripped so readers can focus on the content.
Image Credits: Twitter
Scroll’s pitch to publishers has been that it can end up delivering cleaner content that can make them more money than advertising alone.
Deal terms were not disclosed, but Twitter will be bringing on the entire Scroll team, totaling 13 people.
For the time being, Scroll will pause new customer sign-ups so it can focus on integrating its product into Twitter’s subscriptions work and prepare for the expected growth. It will, however, continue to onboard new publishers who want to participate in Scroll’s network, following the deal’s closure.
And Scroll itself will be headed back into private beta as the team works to integrate the product into Twitter.
Image Credits: Twitter
Twitter says it will also be winding down Scroll’s news aggregator product, Nuzzel, but will work to bring some of Nuzzel’s core elements to Twitter over time. Nuzzel’s blog post has more details, explaining that the product will need to be rebuilt in order to scale with Twitter.
“Twitter exists to serve the public conversation. Journalism is the mitochondria of that conversation. It initiates, energizes and informs. It converts and confounds perspectives. At its best it helps us stand in one another’s shoes and understand each other’s common humanity,” said Tony Haile, Scroll CEO, in the company’s post about Scroll’s acquisition.
“The mission we’ve been given by Jack and the Twitter team is simple: take the model and platform that Scroll has built and scale it so that everyone who uses Twitter has the opportunity to experience an internet without friction and frustration, a great gathering of people who love the news and pay to sustainably support it,” he added.
Twitter earlier this year detailed its plans to head into subscriptions as a way to diversify beyond ad revenue for its own business. The company unveiled what it’s calling “Super Follow,” a creator-focused subscription that would give paid subscribers access to an expanded array of perks, like exclusive content, subscriber-only newsletters, deals, badges, paywalled media and more. The company is aiming to use this new product to help it achieve its goal of doubling company revenue from $3.7 billion in 2020 to $7.5 billion or more in 2023, it said.
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Tony Haile, who previously led analytics company Chartbeat, is trying to rethink the business model for news at his new startup, Scroll. Now he’s adding aggregation and curation to the mix with the acquisition of Nuzzel.
Scroll is still an invite-only product, but Haile explained the idea succinctly: “We deliver this amazing, clean, ad-free experience, and we do it for a low monthly price.”
In other words, after you subscribe and download Scroll, anytime you load up one of its partner sites (including USA Today, BuzzFeed and Vox), you should get an ad-free experience, which should work regardless of whether you’re accessing the site directly from your desktop or mobile browser, or from social media. In exchange, the publishers share the subscription revenue.
Nuzzel, meanwhile, was founded by Jonathan Abrams (who previously founded Friendster), and its core product allows you to see the stories that are most-shared by the people you follow on social media.
Haile said that by acquiring Nuzzel, Scroll can also start experimenting with different models for news curation — which is particularly important because if “we have just two algorithms determining who gets traffic and who doesn’t, then that’s not a healthy web ecosystem.”
“It’s really hard to [build] a scalable business as an amazing curation service,” he added. With Nuzzel, he hopes to “start finding ways in which we can build in that value and drive a new model for our user experience services.”
NEW YORK, NY – OCTOBER 01: Tony Haile speaks onstage at the Buyer Beware! panel during AWXI on October 1, 2014 in New York City. (Photo by Andrew Toth/Getty Images for AWXI)
That doesn’t mean existing Nuzzel users shouldn’t expect any dramatic changes to either the app or the newsletters — Haile said they will continue to operate as separate products, and his team is taking the approach of “first do not harm.”
However, Scroll does plan to remove any advertising from the newsletters, and the engineering team behind the Nuzzel Media Intelligence product will be spinning that out as a separate company.
The financial terms of the deal were not disclosed. According to Crunchbase, Nuzzel had raised $5.1 million from investors, including Salesforce CEO Marc Benioff. Scroll, meanwhile, has raised a total of $10 million.
Haile said there won’t be anyone from the Nuzzel team joining Scroll in a full-time capacity, though some of them may remain involved as contractors. Abrams, meanwhile, told me via email that he and Nuzzel COO Kent Lindstrom are starting a new, yet-to-be-announced company.
“I think current Nuzzel users should see this as great news, since Scroll wants to make sure that Nuzzel’s services continue to operate,” Abrams said. “As you know, a lot of other news app and news aggregation startups were unfortunately shutdown between 2015 and 2018, so like I said, this is good news for Nuzzel users.”
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Everyone from Elon Musk to AdBlock Plus wants to tell you which news sources are worth trusting. Now news aggregator Nuzzel is joining in.
Specifically, it’s launching NuzzelRank, which founder and CEO Jonathan Abrams described as “our new authority ranking of thousands of top news sources, using signals from top business influencers.” He said it replaces a more “simplistic” ranking system that it was using for its news monitoring and research product Nuzzel Media Intelligence.
You may also see NuzzelRank outside the company’s Media Intelligence reports. For one thing, there’s a new page with rankings of Nuzzel’s top sources. For another, Abrams said publishers will be able to add badges with their NuzzelRank scores to their websites, and he also plans to make this data available through an API.
At this point, you’re probably wondering how Nuzzel does this ranking. You’re definitely wondering that if you looked at the top sources ranking and saw that TechCrunch is comes in at number four overall. That’s right: We score below The New York Times and The Washington Post, but above The New Yorker and Wired — which is both flattering and a little nuts.
Abrams said there are three main ways that Nuzzel calculates the score. First, there’s data within Nuzzel itself, including the reading behavior of its users. Second, it’s looking at “external signals about the engagement and authority of news sources.”
Third, it’s working with a whole bunch of outside organizations that have developed different approaches to scoring news sources and sorting out which ones are and aren’t trustworthy — so Nuzzel is joining the Trust Project and the Credibility Coalition, and it’s also partnering with NewsGuard and Deepnews.ai.
In the announcement, Abrams emphasized that the company isn’t relying on human editors or making these judgments on its own: “Nuzzel has always focused on building scalable solutions that use software to aggregate existing valuable signals to provide useful results, rather than human approaches that are not scalable and subject to bias.”
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For the first time, news aggregator Nuzzel will include advertising. That doesn’t mean you’re going to see banner ads popping up all over the startup’s app and website. Instead, the Nuzzel Newswire consists of sponsored links in Nuzzel’s email newsletter, pointing to a blog post, press release or news article of the advertiser’s choosing. Read More
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Social news aggregator Nuzzel is unveiling version 2.0 of its website and app — a version that CEO Jonathan Abrams described as “Nuzzel for Everyone.” Nuzzel previously worked by creating a feed of the most-shared stories from the people you follow on Twitter. You can still create that personalized news feed, but the service no longer requires a Twitter login. Instead, you… Read More
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Slack’s true power is being a platform. A platform that other tools can plug into and play nice with. The company says there are 80+ of these types of integrations and thousands of developers hacking away at adding more. Right now, you have to rely on you or someone on your team finding the integrations that you want on the integrations page and then adding it to your instance of Slack.… Read More
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News app Nuzzel is giving users a more topic-based approach to reading the news, through a new feature called Custom Feeds. Created by Friendster founder Jonathan Abrams, Nuzzel’s big selling point is simplicity — it shows you a feed of the most-shared stories among the people you follow on Twitter (or your friends on Facebook). There’s no complicated setup and no… Read More
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