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Yahoo acquires Summly, which was created by a 15-year-old

Nick D'Aloisio, founder of Summly, speaks during the Digital Life Design conference (DLD) at HVB Forum on January 23, 2012 in Munich, Germany.

This final note on the way out, one at which I daresay everyone listening to this radio program will shake their heads.

Yahoo spent $30 million today to buy a news-aggregating app -- Summly, it's called. Pulls the need-to-know stuff from news articles and makes it look nice on your iPhone.

Which is great and all. Here's the kicker: Summly was created by a 15-year-old kid to help him get through his homework.

Nick D'Aloisio's 17 now. Rich. And in case you're wondering? Yeah, he totally gets to work at home.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

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