Apple’s iTunes Radio Sounds Like Trouble for Pandora

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Apple’s iTunes Radio Sounds Like Trouble for Pandora

by DailyTicker 4:39 mins

Apple’s iTunes Radio Sounds Like Trouble for Pandora

by DailyTicker 4:39 mins

Pandora Media (P) is one of the hottest stocks of the year, about to triple in price, as listeners and advertisers have flocked to its online radio service. This week, the stock shot up further to an all-time high, as strong investor demand let Pandora increase a secondary stock offering by 30%. But the positive momentum is at risk as Apple (AAPL) this week launched a copycat service, called iTunes Radio, to hundreds of millions of iTunes users.

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