Techmeme
October 24, 2016, 7:40 PM

Top News

Se Young Lee / Reuters:
Samsung: South Korean customers who exchanged their Galaxy Note7 for an S7 will be able to trade for Galaxy Note8 or S8 next year at 50% of the cost of their S7  —  Samsung Electronics Co Ltd said on Monday it is offering an upgrade program to Galaxy Note 7 customers in South Korea who trade …
Hooyeon Kim / Bloomberg:
Amid Note7 fiasco, hundreds file class action lawsuits against Samsung, and new Vice Chairman Jay Y. Lee faces pushback from investment groups  —  Proxy advisor speaks out against Jay Y. Lee joining the board  —  Hundreds file class-action lawsuit demanding compensation
Wall Street Journal:
Samsung's rushed replacement of Galaxy Note7 before finding the root cause of fires doomed the smartphone  —  On the verge of challenging Apple's mobile phone dominance, the South Korean company made a rushed decision, based on incomplete evidence, that later forced it to kill the model.
Peter Kafka / Recode:
The New York Times is buying online consumer guide The Wirecutter, founded by former Gizmodo editor-in-chief Brian Lam; sources say NYT will pay more than $30M  —  The New York Times is buying The Wirecutter, a five-year-old online consumer guide.  The Times will pay more than $30 million …
Natalie Gagliordi / ZDNet:
MasterCard links MasterPass to Android Pay, Samsung Pay, Microsoft Wallet to let cardholders more easily complete purchases online using device authentication  —  The integration means users of Android Pay, Samsung Pay, or Microsoft Wallet will be able to complete online transactions at any merchant site that accepts MasterPass.
Reuters:
In wake of botnet DDoS attack on DynDNS, Hangzhou Xiongmai issues US recall of webcam models that had easy-to-guess default passwords  —  Chinese firm Hangzhou Xiongmai Technology Co Ltd said it will recall some of its products sold in the United States after it was identified by security researchers …
Romain Dillet / TechCrunch:
Apple releases iOS 10.1 with the iPhone 7 Plus' Portrait mode, which is still in beta  —  Apple has just released the first significant update for iOS 10.  As expected, the main focus of iOS 10.1 is that insane Portrait mode for the iPhone 7 Plus.  The update is rolling out and is available …
Sarah Perez / TechCrunch:
IDC: Q3 smartwatch shipments down 51.6% YoY to 2.7M with Apple Watch down 72% YoY to 1.1M units, but the impact of new Apple Watch models remains to be seen  —  Maybe not everyone is convinced they need a smartwatch?  According to a new industry report from IDC out this morning …
Matt Burgess / WIRED UK:
Microsoft will raise cloud computing prices in UK by up to 22% in January, in wake of Brexit  —  Microsoft cloud computing prices will rise by up to 22% due to the EU referendum  —  Starting next year, Microsoft will raise the prices of its enterprise software and cloud services because of the drop in the value of the currency.
Darrell Etherington / TechCrunch:
Uber to deliver up to 5 free flu shots and a free care pack to users in 17 cities on October 25; last year the flu care package cost $10  —  Last year, Uber launched UberHEALTH to deliver on-demand wellness pack and optional flu shots.  For 2016, it's doing it again, with Uber for Health …

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