Pandora Media (NYSE:P): Closing price $14.39
On Tuesday, Chief Financial Officer Mike Herring tried to put fears to rest in regards to how the entry of Apple into the Internet radio market might impact his firm. Speaking at the Bank of America/Merrill Lynch 2013 Global Technology Conference, Herring commented, “We will compete against any imaginary, or real competitor,” reacting to questions about reports that Apple has hit a content accord with Warner Music and will soon debut its own streaming radio service similar to Pandora.
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