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October 24, 2016, 9:10 PM
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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
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 …
Sarah Frier / Bloomberg:
Sources: Twitter may cut 8% of workforce, or 300 people, as soon as this week  —  Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar with the matter.  —  The company may cut around 8 percent of the workforce, or about 300 people …
More: Reuters and MobileSyrup.com.  Tweets: @p1lonn and @caseynewton
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 …
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 …
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 …
iFixit:
Google Pixel XL teardown reveals little HTC branding, gets a 6/10 repairability score due to fragile screen, but most components are modular and easy to replace  —  Tools Featured in this Teardown  —  Introduction  —  Today marks our first ever teardown of a phone designed entirely by Google: the Pixel XL.

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This is a Techmeme archive page. It shows how the site appeared at 9:10 PM ET, October 24, 2016.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Katie Kilkenny / The Hollywood Reporter:
SAG-AFTRA's board adopts a resolution to formally resist Paramount's WBD deal unless “enforceable safeguards” are established against a drop in production

A.J. Katz / The Wrap:
The Atlantic files to dismiss FBI Director Kash Patel's $250M defamation suit, calling it “politically motivated”, and seeks DOJ records to uphold its reporting

Dominic-Madori Davis / TechCrunch:
London-based European Technology Network, a TBPN-like news show livestreaming 5x per week on YouTube and X, raised a $1.6M seed from Axel Springer and others

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