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

|About: Pandora Media (P)|By:, SA News Editor

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.