Pandora has already run into trouble as investors digest reports that Apple may launch a rival music service.
As of 9:45 a.m. PT, Pandora shares had fallen more than $2, a 17 percent drop.
The freefall follows a story in yesterday's Wall Street Journal that Apple is aiming to kick off its own online music service. Sources told the Journal that Apple is speaking with record labels to license music for a service that would let users create their own custom music stations based on their favorite songs and artists.
The service would reportedly be targeted for … Read more