Pandora Shares Fall Sharply, Then Recover, As Spotify Hits the U.S.

Pandora (NYSE: P) may have gone public just in the nick of time. With rival Spotify’s long-awaited U.S. arrival finally at hand, Pandora shares took a hit on Thursday, plunging six percent right out of the gate before recovering. Spotify’s debut escalates competition in the digital music market and knocks Pandora from its perch as the hottest streaming service on the internet.

Source: http://feeds.paidcontent.org/~r/pcorg/~3/G1CQyO3e1fw/

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