Techmeme
June 11, 2015, 7:50 PM

Top News

Twitter Investor Relations:
Dick Costolo to step down as Twitter CEO, will remain on board; Jack Dorsey to become interim CEO effective July 1  —  Twitter Initiates CEO Transition  —  Dick Costolo to Step Down as CEO on July 1 and Continue on Board of Directors Co-Founder and Chairman Jack Dorsey to Become Interim CEO …
Kristen Scholer / Wall Street Journal:
Twitter shares jumped about 10% on news of CEO Dick Costolo stepping down  —  Twitter Soars on News CEO Dick Costolo is Stepping Down  —  Shares of Twitter Inc. are rallying on news CEO Dick Costolo is stepping down.  —  The social media site's stock shot up about 10% …
Josh Constine / TechCrunch:
Oculus unveils its consumer Rift VR headset  —  Oculus Unveils Consumer Rift Headset With Wireless Xbox One Controller  —  This is no developer kit.  Oculus today gave the world the first look at its consumer virtual reality headset.  It ships with a small, table-top camera on a stand …
Josh Constine / TechCrunch:
Paul Ford / Bloomberg Business:
Code: what it is, how it's evolved, and why it matters for all businesses  —  What Is Code?  —  You are an educated, successful person capable of abstract thought.  A VP doing an SVP's job.  Your office, appointed with decent furniture and a healthy amount of natural light filtered through vertical blinds …
Aga Guzik / Skype Blogs:
Skype to retire modern Windows touch app on July 7, to retain single desktop app for keyboard, mouse, and touch  —  A More Efficient Skype Experience for Your PC  —  At Skype we want to help you do more together with the people you care about by delivering the best possible experiences to the devices you use.
Nivedita Bhattacharjee / Reuters:
iPhone maker Foxconn in talks to build first Apple plant in India  —  Foxconn Technology is in talks to manufacture Apple's iPhone in India, government officials said, in a move that could lower prices in the world's No.3 smartphone market where the U.S. firm trails Samsung Electronics and local players.
Dan Primack / Fortune:
2015 could be the slowest year for VC-backed tech IPOs since financial crisis; only seven VC-backed tech companies have gone public this year  —  Something is rotting under Silicon Valley  —  I spent a good chunk of last week in Silicon Valley, speaking to venture capitalists who mostly wanted …
Tweets: @jessicalessin
Jordan Novet / VentureBeat:
Twitter will increase DM character limit from 140 to 10,000 in July  —  Get ready to receive Twitter direct messages that are a lot longer.  —  Twitter announced today that DMs will no longer be capped at 140 characters.  Now they will be limited to 10,000 characters.
EU Press Room:
Antitrust: Commission opens formal investigation into Amazon's e-book distribution arrangements  —  The European Commission has opened a formal antitrust investigation into certain business practices by Amazon in the distribution of electronic books ("e-books").
Amy Schatz / Re/code:
FTC takes first action against a fraudulent Kickstarter campaign, after cancelled board game fails to refund backers  —  FTC Takes First Action Against a Fraudulent Kickstarter Campaign  —  It's not okay to raise thousands of dollars through Kickstarter and keep the money without producing anything …
Jeff John Roberts / Fortune:
Court refuses to halt FCC rules, net neutrality rules go into effect on Friday  —  In a victory for the Federal Communications Commission, a Washington appeals court on Thursday refused to grant a request by the telecom industry to suspend “net neutrality” rules that are scheduled to go into effect tomorrow.
Sarah Buhr / TechCrunch:
Product Hunt makes first expansion away from tech with new gaming category to be led by Polygon co-founder Russ Frushtick  —  Product Hunt Levels Up With A Gaming Category  —  Product Hunt, the platform for upvoting the top tech products, is making its first expansion outside of tech …
Ansuya Harjani / CNBC:
Twitter opens HQ in Singapore, plans to add over 100 to current staff of 80 in the next few years  —  Twitter opens Asia HQ in Singapore, and it's hiring big  —  Why Twitter launched new Asia HQ in Singapore  —  Shailesh Rao, vice president for APAC, Americas and Emerging Markets at Twitter …
Ken Dilanian / Associated Press:
Union: Hackers have personnel data on every federal employee  —  WASHINGTON (AP) — Hackers stole personnel data and Social Security numbers for every federal employee, a government worker union said Thursday, charging that the cyberattack on U.S. employee data is far worse than the Obama administration has acknowledged.

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