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$YHOO Picks Up Summly News Gathering Start-up, 15 Year Old Entrepeneur Says “HOW DO YOU LIKE ME NOW !”

Yahoo has acquired the mobile news gathering start-up Summly, the company announced Monday.

Summly is a mobile reader app that presents summarized news stories in a simple browsing format. While the application was originally created in 2011 by 15-year-old Nick D’Aloisio, the app didn’t officially launch until last November.

The app aims to give readers a “snapshot” of a story on their mobile device so that users can consume content in a quick manner. Basically, the app uses an algorithm to condense the story to a size that fits the screen of the users’ mobile device, so that the user doesn’t have to scroll to continue reading…”

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