9/13 – Pandora Not Worried About Apple

Since news leaked that Apple is planning to launch its own personalized radio product to compete with Pandora and other music services, Pandora’s stock price has plunged 22%. Asked about the potential competition at a media conference yesterday, Pandora VP Dominic Paschel sidestepped a question about the Apple product. He did say Pandora has “grown beyond radio and playlists.” Pandora’s stock closed up 1% in Wednesday trading, reports Inside Radio.

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