AI-Generated Summary
Samsung has officially recalled all Galaxy Note 7 devices and discontinued production after replacement units continued to overheat and pose fire risks. This debacle is expected to cost Samsung $3 billion in Q4 2016 profits and has significantly impacted its market value. Meanwhile, Amazon launched Amazon Music Unlimited, an ad-free music streaming service priced at $10/month, with discounts for Prime members ($8/month or $79/year) and Echo owners ($4/month exclusively for Echo devices). Verizon’s acquisition of Yahoo faces uncertainty due to concerns over Yahoo’s massive data breach, potentially jeopardizing the $4.83 billion deal. Lastly, the final U.S. presidential debate is set for October 19. Stay updated via the CET Tech Today app.
📜 Full Transcript
this is CET and here are the stories that matter right now Samsung has formerly recalled all Samsung Galaxy Note 7s after new replacement note 7s were still overheating and could catch fire the company also announced it is discontinuing production of the phone Samsung said this whole mess will cost the company roughly $3 billion of operating profit in its fourth quarter of 2016 the Note 7 debacle has also hurt Samsung’s market value Amazon introduced a new ad free streaming music service called Amazon music unlimited like pretty much every other music streaming service out there it costs about $10 per month but since this is Amazon Amazon Prime subscribers will get music unlimited for $8 per month or they can pay a discounted rate of $79 per year owners of Amazon’s line of echo speakers will be able to access music unlimited for only $4 per month but only through an echo speaker the Yahoo takeover by Verizon may be in Rough Waters Verizon’s general counsel told reporters that he thinks Verizon has a reasonable basis to believe that the impact of Yahoo’s huge data breach is material this raises concerns that Verizon may be looking for a way out of its deal to purchase Yahoo for $ 4.83 billion when asked if a material finding would kill the acquisition a Verizon spokesperson told CET the statement stands on its own nothing more and looking ahead the final US presidential debate takes place on Wednesday October 19th you can watch it live on [Music] Twitter stay up to date with latest by downloading the CET Tech Today app in the Apple App Store
