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Pandora’s stock falls as rumors surge that Apple may launch its own music streaming channel

With rumors beginning to surface about Apple creating its own music streaming service, its expected that Pandora’s investors are starting to become a bit uncomfortable. As of today Pandora’s stock has dropped close to 18 percent, which is new to the  music streaming channel considering their stock previously remained consistent against other rivals like Spotify and Rhapsody to name a couple.

While Pandora and other music streamers find it hard to make a profit, its no wonder these rumors began to cause uneasy feeling among  investors. It seems as if everything apples dibs and dabs into turns into a goldmine. If these circulating rumors turn to be true, that could possibly mean that its time for Pandora to pack up and move out of town.

http://venturebeat.com/2012/09/07/pandora-stock-down-apple/

 

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