Pandora Falls 10% as Apple ITunes Radio Draws 11 Million
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Pandora Media Inc., the biggest Web radio service, fell 10 percent after Apple Inc. said it attracted more than 11 million unique listeners to its new iTunes Radio service.
Pandora, with 72 million active listeners, slid to $24.26 at the close in New York. Shares of the Oakland, California-based company have more than doubled this year.