Pandora struggles to find new footing as music streaming becomes commoditized

Not surprisingly, Pandora’s listener count dropped as the company reported its latest earnings report. Apple Music already hit 13 million subscribers in less than a year after it launched, while Pandora’s listeners fell to 78.1 million from 79.4 million in the same quarter a year ago. The company had a bit of a wild day, with reports first emerging that the company would be bought out, and then the company reporting poor results for its most recent quarter. In the past year, Pandora has shaved off more than a tenth of its value. – Matthew Lynley, TechCrunch