Síntesis: The news of Yahoo’s purchase of Summly, the news-summarizing app created by 17-year-old British wunderkind Nick D’Aloisio, rippled through the news world on Tuesday.
The acquisition, while notable for going to an entrepreneur so young, is hardly the largest or most surprising. The app had millions of downloads after its November release, but it had no real monetization strategy. And unlike, say, Facebook buying Instagram and leaving it intact, Yahoo said it is killing the app (in fact it is already gone from the iOS App Store); so Yahoo isn’t buying an audience or a user base, either.
What the Internet company appears to be taking a big gamble on is a good story, some young talent and an algorithm. It bought math.
Titular: After Yahoo Acquires Summly, Is Buying Math The Next Tech Bubble?