Pandora has seen amazing growth in the last year starting at a low of $7.18 in november and rising to over $26.99 last week. Pandora internet has become a part of many of our lives. It is a great way to find new music and I know that my office and many other listen to Pandora during the day. They have seen subscriptions increase 38% since last year.
Now if you invested in Pandora a year ago, you probably made out really well with around a 176% return on investments. However with the launch of Apple Radio Pandora has already seen a big hit to their stock, 10%. With a more streamline way to listen to the radio and buy music, Apple is a huge threat to Pandora. In addition Apple radio is 30% cheaper for subscription. The initial launch of Apple radio saw 11 million unique users. This is definitely formidable for Pandora, if you already have stock and have not sold it yet, jump ship now, sell!
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