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Mohammed Ali, 16, who launched his first company aged 12, has earned more than £40,000 after creating his own video game and a financial app for the stock market.The teenager, from Dewsbury, Yorkshire, is now set to launch a price comparison site with 60-year-old business partner Chris Thorpe and claims it is unrivalled by competitors.“He then hurried off round the corner down the steps to the tube – sadly before I could photograph him.” Mr Lewis described the man as “50ish, grey haired, heavy set, white man, professionally dressed, carrying a bag” in the post. While I wasn’t physically scared, I must admit to now be shaking with anger now that he got away with that type of behaviour.It’s a very sad state of affairs people think this is acceptable behaviour.” Facebook users commented on the post he should report the man to the police immediately.Mr Ali said that when the pair met a group of Americans in London to discuss an investment, they instead offered to buy the company for a sum of 'more than £5million'.
The sixth-form student would not disclose the exact figure but said: 'We met the investors in London, they were a global data driven company, and they didn't realise I created all the technology involved.'The offer was rejected in December, just before Christmas.'The main reason we rejected the offer was because, if the technology and concept is worth millions already, just think how much it will be worth once people use it.'I understand this is a big risk for me but I want to create this as a household name, and at the same time make something for myself.'The big thing about what we're doing is that there are no competitors - this is a real time money saving expert - it's like a Bloomberg for the general public.'For his latest venture, weneed1.com, Mr Ali said he has 'developed an algorithm which provides real time quotes instead of the normal pre-fixed quotes you find on insurance sites.'The idea for the money-saving website came from Mr Thorpe, an entrepreneur who lives in Scarborough with his family.Not available to existing members or those who have been members in the last six months.#bca Table h3,#bca Table p #bca Table #bca Table #bca Table .title #bca Table .title h3 #bca Table #bca Table .item#last #bca Table #bca Table Link #bca Table Link:hover #bca Table Link:first-child:hover #bca Table a #bca Table #bca Table strong, #bca Table bold #bca Table .But it reportedly cut overtime time pay six weeks ago by changing it from double to one-and-a-half times the usual wage for unregular hours.Waitrose said it stopped overtime pay or higher rates on Sundays after it looked at the market and realised that competitors were not offering similar benefits.Due to increased amounts of fraud carried out by some perpetrators in the name of Personal Money Network, we will no longer take any applications for any services of any sort.