advertisement
advertisement
advertisement

Black Friday for Samsung PR: Both FAA and CPSC warn against using Note 7 phones

Samsung stock, which has been a hot item this year, lost $10 billion in value Friday after the Federal Aviation Administration declared the Note 7 smartphone a fire hazard. The Korean company recalled 2.5 million phones in 10 countries last week after 35 of the phones reportedly blew up due to a battery defect.

Separately, Samsung issued a statement to media today saying that it is working with the Consumer Product Safety Commission (CPSC) “on a voluntary corrective action plan to expedite a U.S. recall of the product.” The CPSC issued its own global warning against using the Note 7 Friday.

MS