Pandora Shares Down 18% After Apple Reportedly Working On Own Rival Service

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Screen Shot 2012-09-07 at 11.21.47 AM

Ouch. Not that it’s much of a surprise, but a little over twelve hours after The Wall Street Journal reported that Apple was going to create its own Pandora rival, prices of Pandora shares have tanked by over 18%.

It seems like the market is taking this as a very real threat, and no wonder: Apple has more to gain by entering the streaming music service space than you might think.

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One response to “Pandora Shares Down 18% After Apple Reportedly Working On Own Rival Service”

  1. Seven Colour Gosips says:

    yeah it looks like a good article showing the exact scenario..for apples fan i have a breaking news check this
    http://sevencolourgossips.wordpress.com/2012/09/07/apple-to-discontinue-iphone-3gs-with-8gb-iphone-4-as-entry-level-phone-on-the-release-of-16gb32gb64gb-iphone-5/

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