Twitter Acquires Social Summary Tool Summify

Twitter has acquired Summify, a small start-up that smartly aggregates links shared by users’ friends on social networks.
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Remedy Health Media Acquires HealthCentral

Remedy Health, a New York-based health information company, has bought HealthCentral, a start-up that offers online clinical and patient tools, community and content in a variety of topic areas.
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Adobe Admits It Is Saying Buh-Bye to Flash for Mobile Devices

Looks like Apple’s Steve Jobs was right (as usual).
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Yahoo’s Product Runway: Are You In or Out?

I am here at Yahoo HQ in Sunnyvale, Calif., to check out “Product Runway,” which is the Silicon Valley Internet giant’s attempt to show that it can still innovate.
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Spooking Flipboard: Yahoo’s Livestand — Followed by Google’s Propeller — Set to Launch Next Week

Memo to Flipboard, Pulse, CNN’s Zite and AOL’s Editions: You might want to make some room in the crowded news and social reader space — you’re about to get some bigfoot company.
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The Future of Social Media at AllThingsD

AllThingsD has undergone a few changes to the social media on our site, including adding a social media editor, Drake Martinet.
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Hey Kids, Let’s Put on a $4M VC-Funded Show! A Visit to the YouTube Moguls of Maker Studios (Video)

Maker Studios, a new-generation production company, has just gotten another $2.5 million in venture funding to help it make videos, mostly for YouTube. That brings total funding from Greycroft Partners and GRP Partners to $4 million for a studio created to bring more professional original content to the Internet.
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Viral Video: Kashmir Stylings on Facebook Facial Recognition

Whatever side of the Facebook facial recognition debate you are on — is it privacy panic or a Big-Brother crisis? — this video by Forbes blogger Kashmir Hill is pretty clever. (Hey, Kashmir: Let me know when the aliens who really created Facebook and Google come for you, after they decide to start harvesting the Earth as planned using their nefarious photo-tagging tools!)
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SurveyMonkey Buys Online Forms Start-Up Wufoo for $35 Million

SurveyMonkey, the quiet but profitable and fast-growing Web survey company, is buying online forms start-up Wufoo. While the terms of the transaction for the Tampa, Fla.-based Infinity Box–makers of Wufoo–were not disclosed, sources said the price was $35 million in cash and stock.

The Daily Bubble: Lead Generator HubSpot Grabs $32 Million From Salesforce.com, Sequoia and Google Ventures

Another day, another honking big funding for another online start-up (and another broken embargo too!). It’s like Groundhog Day in Silicon Valley as usual. Today, Cambridge, Mass.-based HubSpot wins tech’s version of the lottery, grabbing $32 million from Sequoia Capital, Google Ventures and also Salesforce.com.