When I wake my Glo from sleep mode using the power switch, it goes back to sleep again 60 seconds later unless I touch the screen. When it goes back to sleep it turns off the light, and next time I wake it the light is still off.
I've seen this bug reported for earlier firmware versions by people who use a sleep cover to wake the device, but in 2.4.0 the bug now also occurs when waking with the power switch.
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