October 6, 2012, 11:45 AM

Top News

Josh Constine / TechCrunch:
Why Zynga Failed  —  The year was 2008 and Zynga had it all figured out.  Facebook became a portal to games for those who had never played.  Viral growth there was unchecked.  Facebook ad rates were low, so buying traffic was cheap.  And most games were played on the desktop.
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.
Nick Bilton / New York Times:
Dick Costolo of Twitter, an Improv Master Writing Its Script  —  WELCOME to the Dick Costolo Show.  —  The audience, le beau monde of cinema, has gathered at the Debussy Theater on this unseasonably cool May morning on the French Riviera.  The event, officially the opening of the 2012 Cannes Film Festival …
Tweets: @pkafka
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.
Roger Cheng / CNET:
Android users outraged over Motorola's broken promise  —  Company concedes some customers got “a raw deal” in decision not to upgrade 2011 flagship devices to Ice Cream Sandwich  —  Doran Else bought his Photon 4G last October, lured by the fast dual-core processor and by the close relationship …
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.
Darrell Etherington / TechCrunch:
Kobo Glo And Mini Hit Store Shelves In Canada And The UK, Kobo Arc Tablet To Follow In November  —  Kobo announced today via its company blog that the Kobo Glo and Kobo Mini e-readers are now on sale at Canadian retailers Indigo, Future Shop and Best Buy, and in the U.K. at WHSmith.
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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