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?