Young millionaire Nick D’Aloisio launches Yahoo! News Digest
2013 Young Gun unveils news app nine months after Summly acquisition
17 year old young entrepreneur Nick D’Aloisio has unveiled Yahoo!’s new news reading app; the “next iteration” of his business Summly which he sold to Yahoo! for an estimated £19m last year.
Announced at the Las Vegas Consumer Electronics Show, D’Aloisio, member of the Young Guns class of 2013, joined Yahoo! chief executive Marissa Mayer on stage to reveal the digital giant’s latest product, Yahoo! News Digest.
Launched in November 2012, Summly was a mobile app service offering automatically generated bite-sized summaries of website’s articles for iPhones.
In in its first month alone it reached 500,000 downloads, was named Apple’s best app of 2012 and led D’Aloisio to secure $1.23m funding in a deal led by Horizon ventures and high-profile investors including Stephen Fry and Ashton Kutcher.
Yahoo! News Digest claims to build upon the tech savvy teen’s summarising app, making it easier for people to read the news by providing a “definitive summary of all the important, need-to-know news in a highly visual and ‘atomized’ manner”.
D’Aloisio, who is now product manager for Yahoo!, commented:
“It’s been good to work with a great team at Yahoo! on the project and this is the next iteration of what we started with Summly.
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“We wanted to give users a sense of “‘completion’ that they have caught up with the day’s news.”