Techmeme
October 6, 2012, 4:16 AM

Top News

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.
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.
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.
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.
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
Matt McGee / Search Engine Land:
Bing Now Handpicks News Writers For Its Social Sidebar  —  Bing is dipping its toes into a form of what Google calls “authorship” with today's announcement that news writers are now being featured in Bing's Social Sidebar.  —  U.S.-based searchers can now see journalists appearing in the “People Who Know” section of the Bing sidebar.
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

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