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Yahoo discontinues Livestand

The digital newsstand app is one of the first products the company plans to abandon this year, but it says it will continue to take a "mobile products-first" approach to development.

Though Yahoo's Livestand digital newsstand app has been up and running for less than a year, the company has decided to pull the plug on it.

The company announced its decision in a blog post today, saying it has learned a lot about what works and doesn't work with Livestand and is "actively applying those insights toward the development of future products that are better aligned with Yahoo!'s holistic mobile strategy."

The app has earned four stars in the App Store and is one of the first products the company plans to discontinue this year.

The blog says the company is "pivoting to a mobile products-first development model," and points to Yahoo's recently released Axis browser as proof.

"There's no doubt that one of the biggest, if not THE biggest, priorities for us is to innovate for the mobile user, whether they're using feature phones, smartphones, or tablets -- or iOS apps, Android apps, or mobile Web browsers, for that matter," the post reads.

Yahoo debuted Livestand in November, despite some uncertainty over the future of management at the company. Yahoo's recent management shakeup resulted in the appointment of interim CEO Ross Levinsohn.