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  • App Makes British Teen Rich
  • nahyun | 2013.04.01 09:27

  • App Makes British Teen Rich

     

     

    Before you read: some questions to help you think about the topic and the words you might need.

    What interesting Internet Apps do you know? Why are they popular?

    What interesting new news story App would you think is needed?

     

     

    An app created by a British teenager has been snapped up by Internet giant Yahoo in a deal thought to be worth tens of millions of pounds.

    Yahoo purchased the Summly app, which summarizes news stories from popular media companies, from its 17-year-old creator, Nick D'Aloisio.

    The price of buying the app has not been disclosed, but those with much knowledge in the Internet industry have suggested it could be between £20 million and £40 million

    When talking to the Evening Standard newspaper, D'Aloisio said he would probably buy a new computer and trainers with some of the money from the sale. He said he just wants to save and bank it and that he doesn’t have many living expenses.

    Summly's features will now be incorporated into mobile products at Yahoo, where D'Aloisio will now work, as well as studying for his high school graduation. The app reached No 9 in the free iPhone app chart last November and offers mobile users a quick and easy way of finding news stories on the Internet.

    D'Aloisio, who is described as a British-Australian entrepreneur, said he was "delighted" about the deal.

    When he founded Summly at age 15, he said he would have never thought about having this success so suddenly.

    The Summly app will now be closed from the Apple store and its features integrated into Yahoo's mobile services.

    Yahoo has acquired several small mobile and web start-up companies since former Google executive Marissa Mayer became chief executive last year.

    The Summly purchase happens just two weeks after Google said it plans to stop its RSS reader application Google Reader on July 1.

    Some people think this move by Yahoo is a bid to fill the gap left by Google Reader.

     

     

    Try to guess the meaning of the words in bold and match them with their closest meaning from the choices in the right. Some of the answers are very close and have similar meaning.

     The answers are below the table.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    snapped up

    A

    1

    To make known, to open up and show

    disclosed

    B

    2

    To become part of

    trainers

    C

    3

    To get, to buy obtain

    incorporated

    D

    4

    To offer a price to buy something competing with others

    entrepreneur

    E

    5

    To start something new

    founded

    F

    6

    To solve a problem, fix something that is missing

    integrated

    G

    7

    To take quickly, not miss a chance

    acquired

    H

    8

    A new business

    start-up companies

    I

    9

    To join with

    bid

    J

    10

    Someone who makes new business

    fill the gap

    K

    11

    Running shoes (in this reading)

     

    A=7, B=1, C=11, D=2/9, E=10, F=5, G=9/2, H=3, I=8, J=4, K=6

     

     

     

     

     

     

    Some example sentences using the new words to help you to better understand their meaning.

     

    1.      The price has been reduced by 50% so investors are snapping up everything.

    2.      She disclosed some secret information about the test.

    3.      If you want to go running then it is important to buy good quality trainers.

    4.      The smaller start-up-company became very successful and was bought and incorporated into the larger one.

    5.      Chung was a famous Korean entrepreneur who began Hyundai Corporation.

    6.      The Ford Motor Company was founded in 1901 by Henry Ford.

    7.      Kia Motors has integrated into Hyundai Motors to become one large company.

    8.      I have been able to acquire 10,000 shares in the company since they started selling parts of their company.

    9.      We won the bid to supply food to CJ Foods by offering a better price and better service.

    10.  After the famous teacher left it took some time to fill-the-gap with another teacher that was excellent.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Some discussion questions using the new words to help you better understand the word meaning and how to use them correctly. Try to use the words in your answer.

     

    1.      Why was Yahoo so interested to snap up the app created by the British teenager?

    2.      Why do you feel that Yahoo does not want to disclose how much it paid for the App?

    3.      Why would a teenager be so interested in buying trainers? What would you acquire if you suddenly had so much money?

    4.      Can you guess or understand why Yahoo wants to integrate this App into its web browser?  

    5.      Why would this App developer be an entrepreneur? Do you agree with the story’s description of him?

    6.      Why did D’Aloisio found this App? What gap do you think he saw that had to be filled?

    7.      Why is Yahoo incorporated small start-up companies into its business?

    8.      Do you know about Google Reader? What do you think of Yahoo’s bidding price for the App?

     

     

     

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