Yahoo earnings: Marissa Mayer’s strategy may be starting to pay off. "Yahoo showed small but encouraging signs of growth Tuesday, reporting better than expected first quarter results and offering hope that chief executive Marissa Mayer's turnaround strategy may be working," reports the Post's Hayley Tsukayama. "The tech giant is now out of an era of decline, Mayer told investors during a live video conference. But, she admitted, Yahoo still had far to go before a turnaround was complete."
Mt. Gox Files for Liquidation. "Defunct bitcoin exchange Mt. Gox has given up its plan to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, people familiar with the situation said," reports Takashi Mochizuki and Katy Stech at the Wall Street Journal. "These people cited as reasons the complexity of the procedure—including the difficulty of holding meetings with creditors spread around the world—as well as the lack of realistic rehabilitation plans for the Tokyo-based exchange."
Turkey says Twitter agrees to close some accounts, no tax deal yet. "Twitter will close some accounts in Turkey but will not for now set up an office there as the government wants, a senior Turkish official said late on Monday after talks over a dispute which saw the government ban the site for two weeks," reports Orhan Coskun at Reuters. Prime Minister Tayyip Erdogan's government blocked Twitter and YouTube last month after audio leaks allegedly revealing corruption by his party were leaked through social media sites. Twitter was unblocked 12 days ago, but YouTube remains inaccessible inside the country.
Google explains itself after e-mail scanning backlash. Google has changed its terms of service, "describing how and why its software looks through users' content in order to serve up personalized ads, catch spam and tailor search results," reports the Post's Hayley Tsukayama. "The slight update comes after the company fought off a class action lawsuit from Gmail users who said the company's practices violate state and federal privacy and wiretapping laws."
The Rise and Fall of AIM, the Breakthrough AOL Never Wanted. "It would be easier to call AIM ahead of its time if it had not become so wildly popular almost immediately after its launch," writes Jason Abbruzzese at Mashable. "In many ways, AIM was right in line with the times, just at a company hanging on to a business model that would soon become obsolete."