Tuesday, 26 March 2013
After Yahoo Acquires Summly, Is Buying Math The Next Tech Bubble?
An app created by a UK teenager has been acquired by web giant Yahoo in a deal the BBC understands to be worth "dozens of millions" of pounds. Seventeen-year-old Nick D'Aloisio's Summly app summarises news stories from popular media companies.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 — after a quick start amid much publicity over its founder — with
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