After Apple announced that it will be releasing a streaming music service that will rival Pandora, the stock of Pandora fell 20 percent as traders reacted to the news. Nevertheless, I can’t see myself moving away from my beloved Pandora as I have never found an instance where I didn’t enjoy the service.
Apple, looking to solidify its dominance in online music, is in discussions to license music for a radio service similar to the one offered by Pandora Media, the Wall Street Journal reported.
Pandora shares in early Friday trading dropped about 20 percent amid investor concerns that the big rival could affect the company's business. Read More
