Did Yahoo Pay For Summly In Bitcoins?

March 26, 2013 11:10 am

Because then, an argument could be made that Yahoo bought all those Bitcoins a couple of years back and had no easy way to pull out such a huge sum from the Bitcoin economy. If not, the 30 million number for Summly just doesn’t make any sense. This is the summary of what they got:

1. An ‘iPhone only’ app with ‘just short of a million’ downloads
2. $0 Revenue
3. licensed-technology from SRI
4. 3 Engineers, including the 17 year old founder.

30 Million Dollars. Really?

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