According to the Washington Post, Summly takes a news article and reduces it down to 400 characters, summarizing the more important phrases and key words to allow for quick and easy reading. D’Aloisio founded the company when he was just 15 years old and launched Summly for the first time back in 2011. Since then, he has received financial assistance from investors such as Yoko Ono and Ashton Kutcher.
Yahoo! acquires 17-year-old Nick D'Aloisio's mobile app for near $30 million
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