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Q&A With the 17-Year-Old Who Sold an App to Yahoo for $30 Million
2 years of work. A $30 million offer. Just 17 years old.
Said Yahoo: “Founder Nick D'Aloisio and the Summly team are joining Yahoo! in the coming weeks. While the Summly app will close, we will acquire the technology and you'll see it come to life throughout Yahoo!'s mobile
That student, Nick D'Aloisio, a programming whiz who wasn't even born when Yahoo was founded in 1994, sold his news-reading app, Summly, to the company on Monday for a sum said to be in the tens of millions of dollars. Yahoo said it would incorporate
Summly is arguably a great threat to sites like Yahoo! and Google. Essentially, the growth of Summly would signal declining reader engagement, which could result in less ad revenue since readers wouldn't have the need to stay on any particular page
Yahooo purchased D'Aloisio's app, Summly, for a reported $30 million, and now the 17-year-old has a full-time job in the tech giant's London office. D'Aloisio stopped by the TIME office to discuss his previous apps, how Summly will affect the media
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