Monday, November 5, 2012

Pandora takes a serious hit after Apple music rumors #thecircuit

Pandora: Pandora took a beating in the last minutes of trading Thursday, after Bloomberg resurfaced rumors that Apple would be entering the streaming music space early next year.

Trading in Pandora shares was halted after it fell over 11 percent when the reports began circulating. It recovered slightly to close at $8.20 on Thursday, but continued to fall in Friday trading.

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