Pandora shares took a pounding on Friday as Apple is reportedly in negotiations with record labels to license content for a Pandora-esque music-streaming service.
That's more bad news for a company that already had a lot of it. Its advertising-supported model isn't yet profitable, and its prospects aren't great given the competition. Sirius XM, Spotify, Google's YouTube, traditional radio, and Apple's iTunes all provide meaningful alternatives for audiophiles.
Apple's latest move is just another reminder to Fool analyst Anand Chokkavelu that he recommends Pandora's service but not its stock. See more in the following video.
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