Is Yahoo $30m Teen App Deal Just A PR Stunt ?

Yahoo Header

Nick D’Aloisio - a 17-year-old London student and programming whiz - hit the jackpot this week when he sold his news-reading app, Summly, for $30 million to Yahoo!

The New York Post reports, however, that the awe and attention from his tech peers has quickly given way to adolescent-style envy and ridicule.

With few details available about the deal, some question how a kid and his app - one with a relatively small audience -  commanded such a high price.

'I hate to be a curmudgeon, but I think Yahoo! shareholders deserve an explanation', Vibhu Norby, the 25-year-old founder of, a social network for families, wrote in a blog post about the deal.

One explanation is that the purchase was a publicity stunt - part of Yahoo! CEO Marissa Mayer’s efforts to overhaul the company’s unhip image.

Even critics admit it’s hard to buy the kind of attention Yahoo! is getting for its new golden geek.

Hit the link below to access the complete New York Post article:

App kid ridiculed: Silicon Valley disses teen’s Yahoo! deal

Buffett strikes Goldman mother lode

Knells for Dell founder


JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News