Who sold Summly to Yahoo?
Nick D’Aloisio
Nick D’Aloisio was still a teenager when he sold Summly, the news summarization app, to Yahoo soon after our interview in 2013 for a reported $30 million. D’Aloisio is also the youngest known entrepreneur to raise venture capital — at just 15 years old .
How much is Summly worth?
Nick D’Aloisio Net Worth
| Net Worth: | $30 Million |
|---|---|
| Date of Birth: | 1996 |
| Gender: | Male |
| Profession: | Programmer, Entrepreneur |
| Nationality: | United Kingdom |
What did D’Aloisio do?
Nicholas D’Aloisio (born 1 November 1995) is a British computer programmer and internet entrepreneur. He was the founder of Summly, a mobile app which automatically summarises news articles and other material, which was acquired by Yahoo for $30M, according to allthingsd.com, but the price wasn’t officially disclosed.
What happened to Summly?
News aggregation app Summly, created by UK tech entrepreneur Nick D’Aloisio and sold to Yahoo for $30m, is shutting down. Now, four years later, Yahoo, recently sold to Verizon for a staggering $4.5bn, has announced plans to shut down its News Digest app built using Summly’s technology by the end of this month.
What happened to Yahoo News Digest?
YouTube/Yahoo Yahoo is planning to shut down its News Digest app at the end of June after launching it less than three years ago. In a News Digest app update, Yahoo said: “We will not be creating any new digests as of June 30, 2017. We’ve loved serving you guys all these years.”
When was Summly created?
November 2012
Summly/Founded
How was summly created?
Now 21, London-born D’Aloisio created Summly in an attempt to condense full-length stories into short snippets of information thus making it easier for people to consume news on their smartphone. D’Aloisio is considered to be the world’s youngest VC-funded entrepreneur, having first raised funds aged 15.
What happened to summly?
Where is Summly now?
News aggregation app Summly, created by UK tech entrepreneur Nick D’Aloisio and sold to Yahoo for $30m, is shutting down. Created by then 17-year-old D’Aloisio after he taught himself to code, Summly was once widely considered to be the epitome of success.
How much did Yahoo buy Summly for?
Back in March, Yahoo bought a startup called Summly for $30 million. Before Yahoo shut it down, Summly was a news aggregation app for smartphones. The deal got a lot of attention because Summly’s CEO is 17-year-old Nick D’Aloisio. We found the deal strange from the get-go.