Teenager Sells App for $30 Million

Why is this teenager laughing? You'd be happy too if you just made a deal worth $30 million!

Nick D'Aloisio is just 17-years-old, but that's how much money this whiz-kid from England reportedly just sold his smart phone app to Yahoo!

"It's so much fun, technology," said D'Aloisio on CBS This Morning.

Check out the tongue-in-cheek front-page headline in The New York Times: "He Has Millions And a New Hob at Yahoo! And Soon He'll Be 18."

INSIDE EDITION caught up with Donald Trump at an event for Celebrity Apprentice. Trump is amazed by D'Aloisio's success.

Trump said, "Well, I think he's great. When you talk about entrepreneurship—he's 17-years-old—that's what it's all about."

But it didn't happen overnight. As he told CBS's Charlie Rose, he's been at it since he was twelve. He created an app called Summly, which boils news stories down to fit on a phone screen. Summly's investors include Ashton Kutcher and Yoko Ono.

"We're trying to make news fun and really accessible on the mobile-sized screen," said D'Aloisio.