Pandora Beats But Listener Growth Dips, Stock Dives

By | October 24, 2014

Scalper1 News

Pandora Media (P)stock tumbled Friday as the leading Web radio service reported slowing growth in active listeners but rising listener hours. Pandora stock was down 16% in morning trading in the stock market today, near 19.50, a 13-month low and down 52% from its all-time high of 40.44, which the stock touched in March. The No. 1 streaming radio service is in a heated battle with rivals such as Apple’s (APPL) iTunes and Beats Music, Amazon.com’s Scalper1 News

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