Shares of online radio service Pandora tanked about 36 percent on Friday. The sharp decline comes after the company reported a loss of almost $86 million yesterday. The call was the company’s first report on earnings after the June 30 launch of Apple Music, and Friday’s dive shows investors were not pleased with how the Oakland, California, company stacked up against the… Read MoreFriday, October 23, 2015
Pandora Loses More Than A Third Of Its Value As It Battles Apple Music For Listeners
Shares of online radio service Pandora tanked about 36 percent on Friday. The sharp decline comes after the company reported a loss of almost $86 million yesterday. The call was the company’s first report on earnings after the June 30 launch of Apple Music, and Friday’s dive shows investors were not pleased with how the Oakland, California, company stacked up against the… Read More
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