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Pandora (P -7.1%) slumps for the second day in a row after releasing disappointing June audience...

Pandora (P -7.1%) slumps for the second day in a row after releasing disappointing June audience metrics. A column from The Verge's Greg Sandoval discussing the PR struggles the Internet radio giant is facing in its efforts to lower royalties might also be contributing to the drop. Among other things, Sandoval observes the Internet Radio Fairness Act failed to draw much Congressional support, and that a Pandora petition asking artists to support its legislative efforts triggered a backlash. Shares -11% since Monday's close, but still +99% YTD.
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Comments (4)
  • Ron Reed
    , contributor
    Comments (284) | Send Message
     
    Sell the news...
    10 Jul 2013, 03:32 PM Reply Like
  • Glenn Abrett
    , contributor
    Comments (1639) | Send Message
     
    The only stock have ever traded short term. Stock simply gets clobbered every time apple sneezes. Then folks realize that apple has no impact and stock rises. Today's fall is all about apple. Hoping we lose another point tomorrow -- then time to buy a few August 20 call options. I probably know nothing about any of this and have been lucky. Following Peter Lynch's theory about buying stocks in products you love. Nothing compares to Pandora Radio.
    10 Jul 2013, 08:38 PM Reply Like
  • Ron Reed
    , contributor
    Comments (284) | Send Message
     
    I honestly think long term, without something new to sustain it, $P will fall to the wayside. That old economic equation about being the first and loosing everything, just clearing the jump
    11 Jul 2013, 09:31 AM Reply Like
  • dgulick
    , contributor
    Comments (1555) | Send Message
     
    Good buying opportunity for P. The reason Apple is copying Pandora is that a paradigm shift has occurred, the public is choosing to stream rather than own CDs or MP3 files. iTunes sales still dominate but are slowing, and streaming services are popping up like weeds, with huge numbers of users and exploding revenue growth. The potential streaming market is huge -- while it is currently displacing terrestrial and satellite radio, it will eventually succeed the digital sales market as well. That is why the RIAA is fighting so hard with P over royalties.
    11 Jul 2013, 02:00 PM Reply Like
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