Techmeme
July 18, 2014, 10:00 AM

Top News

Dawn Chmielewski / Re/code:
Microsoft to Shutter Xbox Entertainment Studios  —  Microsoft will shut down the Xbox Entertainment Studios, ending an ambitious foray into original video programming.  —  The Santa Monica studio will be shuttered as Microsoft focuses on strengthening its core videogame business.
Om Malik:
Elop is the latest in a string of high-profile executives moving up the ranks despite being a dud  —  It is time to stop rewarding failure  —  Silicon Valley (the notion) has become very much like rest of corporate America — it has embraced the philosophy of failing upwards.
Tom Warren / The Verge:
Google:
Google Inc. Announces Second Quarter 2014 Results and Management Change  —  Google Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2014.  —  “Google had a great quarter with revenue up 22% year on year, at $16.0 billion”, said Patrick Pichette, CFO of Google.
Adam Lashinsky / Fortune:
Bill Campbell reflects on his relationship with Steve Jobs, coaching tech's leaders, and Apple under Tim Cook  —  After 17 years, Bill Campbell steps down from Apple's board  —  Bill Campbell recalls Steve Jobs' invitation to join Apple's board of directors as the kind of request that takes your breath away.
Apple:
Longtime Apple board member Bill Campbell retires after 17 years; BlackRock director Sue Wagner to replace him  —  Sue Wagner Joins Apple's Board of Directors  —  Apple® today announced that Susan L. Wagner, founding partner and director of BlackRock, has been elected to Apple's board of directors.
Matt Brian / Engadget:
Amazon's Kindle Unlimited offers all-you-can-eat e-books for $10 a month  —  After teasing us with a possible launch, Amazon has confirmed Kindle Unlimited, its all-you-can-read e-book subscription service.  For $9.99 per month, the new service offers 600,000 books and “thousands” of audiobooks across a range of devices.
Jemima Kiss / Guardian:
Snowden: Dropbox is hostile to privacy, unlike ‘zero knowledge’ Spideroak  —  Whistleblower urges consumers to adopt more secure file storage systems which are less susceptible to government surveillance  —  Edward Snowden has warned against the cloud storage service Dropbox which he says is …
Josh Constine / TechCrunch:
Facebook starts testing Buy button on News Feed ads and Page posts, will not charge participating US businesses for now  —  Facebook Tests Buy Button To Let You Purchase Stuff Without Leaving Facebook  —  Facebook is trying out letting you pay for ecommerce purchases from other businesses without leaving its site or app.
Nellie Bowles / Re/code:
Airbnb Founder on Vagina Logo: “Go Ahead, Laugh All You Want”  —  Airbnb launched a new corporate logo yesterday, and everyone — including their dinner guests last night — had an opinion about it.  —  At the Verdi Club in San Francisco's Potrero Hill neighborhood, many of the guests …
Michael Arrington / Uncrunched:
They Might Be Tearing Down The Creamery To Build Condos  —  If you're involved in the startup world in San Francisco you've likely been to the Creamery on Townsend and 4th street.  It's iconic, even if only recently so.  —  In 2012 I wrote about the Creamery in a post talking about the shift …
Josh Constine / TechCrunch:
Twitter Acquires CardSpring To Power In-Tweet Commerce And Offers  —  Twitter just announced it's acquired CardSpring to enable “in-the-moment commerce experiences.”  CardSpring is an application platform that lets developers build card-linked offers electronic coupons, loyalty cards …
Ian Sherr / CNET:
Oculus preparing motion controllers to complement its forthcoming goggles  —  Oculus to get hands on with new virtual reality gear  —  Facebook's virtual reality company is readying motion control prototypes for its headsets to offer a more immersive experience for consumers.  —  Sarah Tew
Bloomberg:
Line Said to Pursue U.S. IPO With Confidential Filing to SEC  —  Line Corp., operator of Japan's most popular mobile messaging service, filed confidentially for an initial offering in the U.S., people with knowledge of the matter said, taking a step closer to a dual-listing in New York and Tokyo.
More: ReutersTweets: @serkantoto
Ingrid Lunden / TechCrunch:
Relcy Is Building A PageRank-Style Mobile App Search Engine With $9M From Khosla And Sequoia  —  As our connected world becomes more focused around mobile devices, we are increasingly app-centric, eschewing the wider mobile Internet in favor of individual, native programs that fulfill specific purposes.
Tweets: @dannysullivan and @raboisThanks:@ingridlunden

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