Nick D’Aloisio, the 17-year-old British CEO of Summly, which was just acquired by Yahoo. (via Yahoo Buys Coolness From Teenager for $30M | Wired Business | Wired.com)
There’s no logical explanation for Yahoo’s reported $30 million acquisition of Summly, an app created by a 17-year-old Brit that launched five months ago. The team and technology are unexceptional and the app itself will be shut down. What Yahoo really gets for its big check is momentum and buzz.
In other words, Yahoo bought Summly to appear cool again.
