Yahoo’s New Teen Millionaire

Yahoo’s New Teen Millionaire

Nick D’Aloisio has officially earned his seat at the cool kids’ table. The 17-year-old high school student this week sold his news-aggregator app Summly to tech giant Yahoo for a reported $30 million in cash and stock. While he’s finishing up his diploma, he’ll also start work at Yahoo’s London office. Meanwhile, Yahoo plans to enhance its own mobile apps with the technology developed for Summly, which uses an algorithm to automatically produce easily digestible summaries of news stories.

Added on: July 17th, 2013


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