redletterdave writes "It seemed like a step in the right direction for Yahoo back in November, when the company announced a family of new mobile products that would enrich the way users experience and understand their news and entertainment content. But just shy of seven months after that outburst of mobile and social apps and tools, Yahoo has decided to call it quits on arguably the biggest piece of that mobile package: the personalized magazine app for iPad, Livestand. This was the first major business decision made by Ross Levinsohn, the interim CEO who took over for Scott Thompson on May 13 after the SEC discovered Thompson lied on his resume."
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