Techmeme
October 6, 2012, 7:10 AM

Top News

Roger Cheng / CNET:
Google, LG to unveil Nexus phone at the end of the month  —  CNET has confirmed that the phone will be a modified version of the Optimus G. Other handset manufacturers could also release their own Nexus phones as well.  —  LG will finally get its own Nexus smartphone based on its recently unveiled flagship Optimus G, CNET has learned.
modaco.com:
EXCLUSIVE: More details on LG's forthcoming Nexus  —  More details are starting to appear about the forthcoming LG Nexus device!  Some of which are, well, rather shocking.  —  Although it's still not known whether it will be the ONLY Nexus to get a release, various sources are starting to fill us in on the specs.
Reuters:
Foxconn denies China iPhone plant hit by strike  —  (Reuters) - Foxconn, the Taiwanese made-to-order electronics giant that assembles Apple Inc's products, denied reports that a plant in China was crippled by a strike, saying on Saturday that its production is on schedule at an important time for Apple.
Ellis Hamburger / The Verge:
The bubble that wasn't: what happened to ‘people discovery’ apps?  —  The SXSW festival is known as a launchpad for new trends in mobile apps, and last year the prophets declared that GPS-enabled “people discovery” apps were the next big thing.  Open your phone and up pops a list of potential new best friends.
Leena Rao / TechCrunch:
Uber Sued By Taxi And Livery Companies In Chicago For Consumer Fraud And More  —  It's no secret that Uber's disruptive on-demand car and taxi service is ruffling the feathers of the taxi industry.  It seems that in every city in which Uber launches, there's legal pushback from the industry that the startup is disrupting.
Joanna Stern / ABCNEWS:
MySpace CEO Interview: ‘There is No Point To Compete with Facebook and Twitter’  —  Justin Timberlake unveiled the new MySpace last week with a tweet containing a link to a video preview of the new site.  In addition to a very catchy song, the video revealed a beautiful website with a clean, Pinterest-esque design.
Joel Rosenblatt / Bloomberg:
Facebook Seeks Dismissal of $15 Billion Privacy Suit  —  Facebook Inc. (FB) said a $15 billion lawsuit accusing the company of secretly tracking the Internet activity of its users after they log off should be dismissed because the subscribers didn't specify how they were harmed.
More: The Next Web and CNET
Rip Empson / TechCrunch:
The 14 Most Interesting Startups To Emerge From DEMO  —  DEMO Fall 2012 wrapped up in Santa Clara today, where 77 startups took the stage to show off their apps, services and products.  The young companies were given six minutes to pitch their ideas and impress the audience …
More: VR-Zone
Evelyn Rusli / Wall Street Journal:
Facebook to Halve Its Credit Line  —  There's at least one benefit to a slumping stock price: Lower taxes.  —  Facebook Inc. is planning to reduce a $3 billion line of credit that it received from its bankers prior to its May initial public offering to $1.5 billion, according to people with knowledge of the discussions.

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