Apple Music Launch Sends Shrapnel Into Pandora Stock

By | October 23, 2015

Scalper1 News

Pandora Media (P) stock plunged by more than a third Friday to its lowest point in 1 1/2 years, after the leading Web radio service got at least five ratings downgrades and one price-target cut as the business reported a stall in its active listener growth, and as Pandora announced a $90 million settlement with record companies. The June launch of Apple (AAPL) Music — a service combining paid subscription streaming of music with a 24/7 live global Scalper1 News

Scalper1 News