Damage Control: Pandora CFO Downplays 'iRadio' Reports

Wednesday, 5 Jun 2013 | 7:43 AM ET

Pandora Media's stock continued its freefall Tuesday following reports that Apple is planning to launch a rival music streaming service.

Apple's iRadio vs. Pandora
Apple's first ad-supported music venture iRadio poses a big threat to Pandora, with CNBC's Julia Boorstin.

But the Los Angeles Times reports that Pandora's chief financial officer, Mike Herring, said he isn't worried about Apple's new service, known as iRadio. Here's why...

Pandora CFO Downplays Apple 'iRadio' Rumblings

(Read More: Pandora Shares Fall on Apple Reports)

  Price   Change %Change