Welcome to this morning's edition of “First To Know,” a series in which we keep you in the know on what’s happening in the digital world. We’re keeping our eyes on three particular stories of interest today.
Netflix Stock Plummets 34%
Netflix‘s price hike caused 805,000 paid subscribers to jump ship in the most recent quarter, sending its stock spiraling downwards 27% in after-hours trading. The stock is now trading down approximately 34% ahead of the market open.
iTunes Creator Allegedly Working on Apple TV Set
Jeff Robbin, one of the lead developers of the iPad as well as the iTunes Store, is now leading the development of a television set at Apple, according to three unnamed sources.
Zynga IPO Rumored for November
Zynga‘s long-awaited IPO will hit a week before Thanksgiving, according to a report.
Further News
Former eBay CEO Meg Whitman is joining the board of directors at eBay competitor Zaarly.
Obama’s 2012 Campaign has joined blogging platform Tumblr.
The Kindle Fire should sell between 4.5 and 5 million units in the fourth quarter, according to estimates from J.P. Morgan analysts.