Techmeme
June 12, 2015, 1:40 AM

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 …
Yoree Koh / Wall Street Journal:
Read the emails that Dick Costolo and Jack Dorsey sent to Twitter staff announcing CEO change  —  Read Dick Costolo's Goodbye to Twitter and Jack Dorsey's Hello  —  Shortly after 1 p.m. in San Francisco on Thursday, Dick Costolo told his staff, and the world, that he would be stepping down at Twitter in a surprise announcement.
More: PCWorld and PandoDaily
Euan Rocha / Reuters:
Sources: BlackBerry considering Android for upcoming smartphone as it moves focus to software and device management  —  Exclusive: BlackBerry may put Android system on new device: sources  —  BlackBerry (BB.TO) is considering equipping an upcoming smartphone with Google Inc.'s (GOOGL.O) …
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:
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.
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.
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 …
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 …

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Jeff John Roberts / Fortune:

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