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NewYahooLogoYahoo’s ‘YouTube’ May Debut This Summer (VentureBeat)
Yahoo is gearing up for a summer launch of its new rival YouTube video service, reports AdAge. News first leaked that Yahoo was interested in building its own streaming video site back in March, with the company apparently approaching many popular creators currently partnering with Google’s YouTube. AdAge Yahoo had intended to unveil the new service at its upfront presentation for advertisers in April, but contract issues have held the project back. But for video creators dissatisfied with YouTube, Yahoo has a compelling pitch: more generous revenue-sharing deals or fixed ad rates that are significantly higher than YouTube is currently delivering to creators. Business Insider Similar to YouTube, Yahoo video creators will be able to have their own channels. Yahoo’s video player will also be embeddable on other sites. MediaPost CEO Marissa Mayer clearly wants a bigger video role for Yahoo. Last year it was bidding for Hulu, when it appeared it was to be sold (it wasn’t). CNET A Yahoo spokeswoman said the company doesn’t comment on rumors or speculation. A message to Google and YouTube seeking comment wasn’t immediately returned. Investors were unruffled by the news, with Yahoo shares recently down 5 cents, or less than 1 percentage point, at $34.97.

Facebook to Cut Back on Third-Party App Spam in Your News Feed (The Next Web)
Facebook revealed plans Tuesday to show you less content that is posted automatically by your friends’ third-party apps and instead prioritize “explicitly shared stories” in your News Feed. The changes will be made in the coming months.

The Periodic Table of Content Marketing (SocialTimes)
Econsultancy’s Chris Lake has created a periodic table for content marketing. The visualization offers an overview of content marketing’s key elements.

YouTubers Will Get Cut of Ad Revenue From ‘Appropriate’ Clips of Nintendo’s Games (Re/code)
Nintendo said Tuesday it’s preparing an affiliate program that will let video creators on YouTube make money from videos that use clips of Nintendo games. Currently, Nintendo grants video permissions to YouTubers “under appropriate circumstances” and splits ad revenue with YouTube, according to a statement.

Mark Zuckerberg Has a Court Date … in Iran (AllFacebook)
Facebook co-founder and CEO Mark Zuckerberg has a court date that he will most likely not be keeping, since it happens to be in Iran. AP reported, via “semiofficial” news agency ISNA, that Ruhollah Momen Nasab, an official with the paramilitary Basij force, said Zuckerberg was ordered to appear in court by a judge in southern Iran over claims that Facebook-owned applications Instagram and WhatsApp are violating the privacy of the country’s citizens, adding that the judge also ordered the blocking of the two apps.

An Anonymous Real Estate Magnate is Giving Away Cash on Twitter (TIME)
Since last Thursday, an anonymous Twitter user known only as @HiddenCash has been giving away thousands of dollars in San Francisco to the delight of the dozens of people who followed HiddenCash’s clues on Twitter and found the coveted white envelopes. The hints aren’t terribly subtle — one said the money was at a bar that Tony Hawk would love directed hunters to “The Ramp” (duh!) — and because there are so many people on the lookout, the prizes have been getting snapped up within minutes.

Tweet to @OHT for Real-Time World Cup Translations (AllTwitter)
One company wants to use social media to help people the world over to understand any and all coverage of the World Cup, by providing real-time translations via Twitter. One Hour Translation is offering soccer fans free translation services for World Cup coverage.

Forget Live-Tweeting: Apple to Stream Developers Conference on June 2 (BetaBeat)
WWDC is the yearly conference Apple holds for developers and is often when Apple debuts its most exciting new products before they release. This year, while the Internet is lighting up with live-tweeters and people frantically searching for a preorder page, you can kick back and watch a live-stream of Tim Cook preaching to his most loyal congregation.

The New York Times: Comcast, Time Warner Cable Merger Could Make Netflix Pay More (LostRemote)
The New York Times
editorial board came out with an op-ed urging the FCC and U.S. Justice Department to block Comcast’s $45 billion acquisition of Time Warner Cable. In it, the Times cautions against the ill effects a merger could have on Netflix.

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