Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 27 March 2013 18:27

British teen gets millions out of Yahoo

Written by Nick Farrell



Mobile app makes his fortune

A British teen who probably did not spend most of his life hanging around shopping centres wearing a hood and mumbling has just squeezed several million pounds out of Yahoo.

Nick d’Aloisio was studying for his exams when he hit upon a wizard wheeze to build an app which shorted content searches. This made it ideal for mobiles. He dubbed his mobile application Summly and it did so well that it attracted the interest of Yahoo.

D’Aloisio, who dreamed up the idea for the content-shortening program when he was studying for his exams, said he was surprised by the deal. Yahoo didn’t disclose how much it is paying for Summly, although British newspapers suggested the deal’s value at several million dollars.

Unlike other teens he does have a venture capitalist backer Li Ka-Shing but nevertheless he was surprised by his sudden success. The deal is Yahoo’s fifth small acquisition in the past five months. All of them have been part of CEO Marissa Mayer’s effort to attract more engineers with expertise in building services for smartphones and tablet computers, an increasingly important area of technology that she believes the Internet company had been neglecting.

Summly is no longer be available. Summly’s technology will return in other Yahoo products, he said. He will also get a job at Yahoo’s London office and will work while he finishes his high school exams. Two other Summly workers will join Yahoo at its Sunnyvale, California, headquarters.

It is worthwhile pointing out that D’Aloisio is younger than Yahoo, which was incorporated in March 1995.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments