Techmeme
June 11, 2015, 10:30 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 …
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:
Android Police:
Early look at Hangouts 4.0 for Android: cleaner UI, new status option, still no tablet layout  —  An Exclusive Early Look At Hangouts 4.0  —  Liam loves Android, design, user experience, and travel.  He doesn't love ill-proportioned letter forms, advertisements made entirely of stock photography, and writing biographical snippets.
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.
Mike Shields / Wall Street Journal:
Ad Tech Firms Find Venture Capital Funding Is Running Dry  —  It's a tough time to be raising money if you have the words “ad” and “tech” close together in your business plan.  —  Executives in the advertising technology sector and venture capitalists who are versed in the space say the climate …
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.
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 …
Carmel DeAmicis / Re/code:
Greylock Partners hires its first female investment partner, Pinterest product manager Sarah Tavel  —  Greylock Just Hired Its First Female Investment Partner  —  The product manager who oversaw Pinterest's search tool, Sarah Tavel, is headed to Greylock.
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").

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