Pandora stock falls after Apple announces 11 Million iTunes Radio users
Apple announced on Monday morning that over 11 million customers have used iTunes Radio in the few days since launch. Apple’s new iTunes Radio launched this week alongside iOS 7, which Apple confirmed has been downloaded and installed on 200 million devices. This announcement sent Pandora’s stock tumbling 10% down to $24.26 at the close of the business day, according to Bloomberg.
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