Yahoo! Livestand, the personalised iPad ‘newsstand’ that was announced just over a year ago and launched in November, is being closed down. The company says it’s moving to a mobile-first development model and is applying its insights from Livestand to the development of future products.

In a blog post the company said “As announced during our most recent earnings call, we’ve decided to discontinue or consolidate a number of products across Yahoo!'s technology platforms over the course of 2012. Platform consolidation enables us to put many Yahoo! properties onto common key platforms and technologies to make everything more scalable and nimble. And when we discontinue products, it will be so that we can focus on opportunities where we lead and where we can create the most meaningful experiences for people using our products, and for our partners, developers and advertisers.”