Tech wrap: Netflix shares plummet

October 25, 2011

Shares of one-time Wall Street darling Netflix Inc plunged 34 percent in heavy trading, a day after the battered movie rental company warned of more subscriber defections and mounting costs.

Target Corp’s website crashed for the second time in six weeks, interrupting online shopping for the discount chain. The website also crashed on September 13, after an overwhelming rush to the site from shoppers interested in a new line of Missoni apparel and other goods.

The New York Times is reporting that a virus has infected the computers in Japan’s Parliament, prompting fears of the loss of sensitive information.

Tony Fadell, known as the godfather of the iPod, has made a new thermostat with the help of a small army of engineers and designers from Apple Inc and other tech giants including Google Inc and Microsoft Corp.

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