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Ahn Young-joon / AP

Samsung confirmed on Monday that it is considering selling or renting refurbished versions of the Galaxy Note 7 phone it recalled last year over their potential to catch fire. The devices won't be sold in the U.S. and may have a new name. The Korean phone maker will also work to recover and recycle materials from phones not used as refurbished devices.

"To be clear, the objective of introducing refurbished devices is solely to reduce and minimize any environmental impact," a Samsung representative told Axios. "The product details including the name, technical specification and price range will be announced when the device is available."

What it means: Samsung must be pretty certain that its investigation fully uncovered the battery-related issues causing the phones to ignite.

Why bother? Despite the reputation and other risks associated with such a move, Samsung's move could keep more electronic waste out of landfill and salvage a fraction of the lost revenue caused by the massive recall.

Go deeper

23 mins ago - Technology

Facebook changes corporate name to Meta

Screen shot of CEO Mark Zuckerberg at the company's "Connect" virtual event

CEO Mark Zuckerberg on Thursday said the social media giant is renaming its company Meta.

Why it matters: The effort is meant to shift its image from a social media platform to a “metaverse” company that focuses on building virtual work and social communities.

Dan Primack, author of Pro Rata
60 mins ago - Economy & Business

Filings show Sweetgreen isn't profitable, despite claims

Illustration: Sarah Grillo/Axios

Restaurant chain Sweetgreen on Monday filed to go public, and revealed that it lost money in each year since 2014.

Why it matters: The company lied when it repeatedly told reporters it was profitable.

U.S. border cities again see low violent crime rates

Expand chart
Data: FBI, Kansas Bureau of Investigation, U.S. Census Bureau; Chart: Jared Whalen/Axios

Reported violent crime in the United States rose in 2020 for the first time in four years, but violent crime rates in 11 of the largest communities along the U.S.-Mexico border stayed below the national average, an Axios analysis found. 

Why it matters: Year after year, data showing low violent crime rates in majority-Mexican American and Mexican immigrant border communities dispels myths of the U.S.-Mexico border as a region filled with crime and chaos.