3 Buzzing Social Media Stocks: Pandora Confident Amidst iTunes Chatter, Groupon’s Gerster Leaves, Facebook’s New Tools
Pandora (NYSE:P): Pandora has long been a controversial figure in the music industry. In the past, the internet’s largest radio service has taken flak from artists, labels, music publishers, and the Recording Industry of America alike. Despite that, Pandora has managed to remain the “top dog” in internet radio.
Now, though, competitor iTunes Radio is making bold moves internationally, striking up direct deals with individual labels, which will allow them to expand across the globe. Pandora’s CFO, Mike Herring, claims the company doesn’t see iTunes as a threat, citing Pandora’s commitment to an “awesome music experience.”