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Tech Five: Netflix shares getting hammered

Brett Molina
USA TODAY

It's an ugly morning on Wall Street for Netflix. Let's look at the technology stocks to watch Thursday:

A person uses Netflix in Palo Alto, Calif.

Netflix. Shares of the streaming media giant plunged more than 21% in morning trading after revealing subscriber gains during the third quarter missed forecasts. Netflix reported $1.4 billion in revenue with an earnings per share of 96 cents. Netflix's earnings results were announced hours after HBO revealed it would launch a standalone streaming service next year.

eBay. Shares sunk more than 3% after the online marketplace cut its sales forecast for the year. The company reported an earnings per share of 68 cents, above Wall Street estimates. This was the first quarterly report since eBay announced it would spin off its mobile payments business PayPal, which is on track to process 1 billion mobile transactions this year.

Apple. The tech giant will host an event where it is widely expected to unveil two new iPads: an upgrade to the iPad Air and a new iPad Mini with Retina Display. Apple may also share more details of its mobile payments service Apple Pay.

Google. The Mountain View, California, company reports third quarter earnings after the markets close Thursday. Google made its jump into the "phablet" business Wednesday with the Nexus 6 smartphone, which boasts a 6-inch screen.

Facebook. The social network is adding a Safety Check feature to its mobile apps to help users alert family and friends that they're safe in the event of a disaster.

Follow Brett Molina on Twitter: @brettmolina23.

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