Today in Tech: Netflix shares plunge 40%

October 25, 2011, 2:40 PM UTC

Fortune’s curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.

Tony Fadell's redesigned thermostat.

* Bloomberg reports that Apple (AAPL) may be developing a television set sporting what Steve Jobs told Walter Isaacson is “the simplest user interface you could imagine.” Piper Jaffray analyst Gene Munster predicts such a device could go on sale next year or in 2013. (Bloomberg)

* The “father of the iPod,” Tony Fadell, shows off his latest project: a redesigned thermostat. (Fortune)

* Will Amazon’s Kindle Fire become for the video industry what the iPod was for music? (Streaming Media)

* Netflix (NFLX) saw its shares plunge 40% yesterday after the company warned of more subscriber cancellations over its price plan changes and other controversial moves, like the introduction of and backtracking on the separation of its DVD business. (Reuters)

* Why it’s crunch time for Nokia, which will likely unveil the first of its Windows-based smartphones later this week. (The Wall Street Journal)

* HP (HPQ) CEO Meg Whitman joined the board of Zaarly, a startup being billed as the “mobile Craigslist.” (VentureBeat)

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