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Q&A With the 17-Year-Old Who Sold an App to Yahoo for $30 Million

Q&A With the 17-Year-Old Who Sold an App to Yahoo for $30 Million

We also wonder what Yahoo is doing, buying the Summly app and its 17-year-old CEO for $30 million, and considering a purchase of Dailymotion. Plus, Columbia appointed its new dean, Steve Coll, who took flak for not having tweeted, and Flipboard 2.0

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

Just as Napster did with the music industry and The Pirate Bay did with the movie industry, aggregators like Summly and Meltwater are hollowing out the old business models of the news industry and leaving destruction in their wake. But while musicians

The 17-year old founder of mobile news app Summly plans to finish school and start more companies, after Internet giant Yahoo purchased his product.

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

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