This Teenager Just Made $30 Million, What Have You Done?
Yahoo just bought the app Summly from a 17 year old British student for a cool $30 million dollars. The App’s been active for only 4 months on the iPhone before Yahoo swooped in. The app takes news stories and renders them into straight chunks of text making them more readable on a phone, it turns articles into 400 character blurbs.
The app has celebrity backers like Yoko Ono, Ashton Kutcher, Stephen Fry, and Rupert Murdoch. The App game is like drilling for digital gold.
Read more at reuters.com.