Heavy Hitters: BlackBerry Receives Takeover Bid, Apple Smashes iPhone Expectations
Shares of Pandora Media (NYSE:P) plunged more than 10 percent on Monday and continued to edge lower in late afternoon hours. The move lower followed Apple’s announcement that more than 11 million unique listeners have checked out its iTunes Radio product since it debuted. On Monday, Apple said that over 200 million iOS devices are now running iOS 7, the new operating system that it recently unveiled. iTunes Radio is a free, ad-supported Internet radio service that is joined into Apple’s iOS 7.