UK Teens App Nets Him Millions From Yahoo

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(FOX) – A British teenager makes millions selling his own app to Yahoo and he’s getting a job there, too.

While seventeen-year-old Nick D’Aloisio was doing his homework, he was also developing an app designed to speed up your online newspaper reading.

It’s called “Summly” and it shortens long stories to four hundred characters.

Nick won’t say how much he’s made on this deal, but one tech website says thirty million bucks.

He says he’ll be careful with all that cash…and he’s eager to work with the giants of high-tech.

D’ALOISIO says: ” “It’s been put in a trust fund and will be invested in due course, but beyond that side of things the thing that’s really excited me about this deal is going to join Yahoo and working with Marissa Mayer the new CEO and the team over there. It’s going to be really

D’ALOISIO says: ” I’ve seen everything I’ve done with Summly and prior apps as a hobby and I like maintaining that mindset because it means that I’m just very much focused on the quality of the creative output.”

Nick’s studying for college entrance exams.

He’s aiming for Oxford and he’s not giving up those PLN’s for full-time work at Yahoo.