Visitors Now:
Total Visits:
Total Stories:
Profile image
By Hispanically Speaking News (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Yahoo! Acquires 17-year-old’s Mobile App for Estimated $30 Million

Wednesday, March 27, 2013 10:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Yahoo! Acquires 17-year-old’s Mobile App for Estimated $30 Million

Seventeen-year-old Nick D’Aloisio hit the big leagues when he sold his trendy mobile app Summly to Yahoo! for an estimated $30 million.

According to the Washington Post, Summly takes a news article and reduces it down to 400 characters, summarizing the more important phrases and key words to allow for quick and easy reading. D’Aloisio founded the company when he was just 15 years old and launched Summly for the first time back in 2011. Since then, he has received financial assistance from investors such as Yoko Ono and Ashton Kutcher.

In a public statement following the acquisition, Yahoo! said that D’Aloisio “started with an insight – that we live in a world of constant information and need new ways to simplify how we find the stories that are important to us, at a glance,” The Telegraph reported.

D’Aloisio has dissolved Summly and will work full-time at Yahoo! to aid with the integration of his technology. He, two members of the Summly team will work alongside Yahoo! employees and researchers to enhance the application before re-releasing to the public under the Yahoo! brand. They hope to make the application available for android as well as iPhone users.

D’Aloisio has written a letter to all Summly users and visitors on the app’s website which can be viewed here at Summly.com.

Published in Latino Daily News



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.