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Why Is That 17-Year-Old's $30 Million News App Even Legal?

Why Is That 17-Year-Old's $30 Million News App Even Legal?

2 years of work. A $30 million offer. Just 17 years old.

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.

And despite its elegant delivery, that's a very high price, especially since Summly has been downloaded slightly less than one million times since launch â€" after a quick start amid much publicity over its founder â€" with about

A teenager has sold an app he designed to Yahoo in a deal believed to be worth tens of millions of pounds. Nick D'Aloisio created the tool at his home in Wimbledon, south-west London, at the age of just 15, and now two years later it has been bought by

This week: Summly is sold to Yahoo â€" making its 17 year old founder a millionaire , Google's offering £2 million to UK companies who are doing 'good', and Bitcoin's benefiting from the Eurocrisis. Plus Sweden's war of words… Filmed at the London Stock

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