Samsung gives up on its exploding phone, and investors give up on Samsung
Samsung is killing off the Galaxy 7. After telling carriers to stop selling its combustible phone, Samsung is giving up on the model for good. The move leaves Samsung without a high-end phone to compete with Apple’s iPhone 7. Samsung stock is cratering.[Bloomberg]
Making its move into the office communication territory now held by Slack, Facebook took the beta tag off Workplace and began accepting subscriptions. The selling points: A familiar interface and competitive pricing. [Recode]
The U.S. Supreme Court will hear oral arguments today in a five-year-old patent battle between Apple and Samsung. The issue that Silicon Valley is particularly interested in: How to calculate the monetary value of design patents. — [Recode]
AOL is losing a key executive just as it is trying to figure out its organizational structure once its $4.68 billion acquisition by Verizon is complete. Jim Norton, AOL’s global head of media sales, is moving to Condé Nast. — [Recode]
On the latest episode of Recode Media with Peter Kafka, Vice News boss Josh Tyrangiel talks about “Vice News Tonight,” a nightly news show on HBO that breaks with TV conventions to appeal to a millennial audience. — [Recode]
Top Stories From Recode
Greylock will focus on what it knows best: Software.
66.5 million viewers.
He killed her with kindness.
This app will notify your family members and the authorities if your phone detects you’re in an accident
Driving analytics app Zendrive, which has racked up a billion miles of driving data, has partnered with family social platform Life360.
Garg also previously ran M&A at Square.
“Uber actually does a much better job working with government than people realize.”
This Is Cool
Part of a “60 Minutes” report on artificial intelligence. (Sophia: “I’ve been waiting for you.” Charlie: “Waiting for me?” Sophia: “Not really, but it makes a good pickup line.”)