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| Summly's Logo |
It's been a good week for Nick D'Aloisio, founder of Summly. Nick D’Aloisio has officially earned his seat at the cool kids’ table. The 17-year-old brit high school student this week sold his news-aggregator app Summly to tech giant Yahoo for a reported $30 million in cash and stock. He has been designing apps on and off since the age of 12, is now a multimillionaire after selling his app. He created the app—which provides simple summaries of stories on your mobile device—when he was just 15 years old after realizing many Web pages are formatted for browsing with mouse clicks and desktop computers. For more info visit Summly.
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.
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| Nick D'Aloisio, Founder of Summly |
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