Pandora (P) Moves Higher as Albert Fried Calls Dip 'Buying Opportunity'

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Pandora (P) Hit as Apple (AAPL) May Launch Rival Streaming Music Service

September 7, 2012 6:42 AM EDT

Pandora (NYSE: P) is getting slammed Friday morning following reports out Thursday night that it might end up facing even more competition. Like, very fierce competition.

According to the WSJ, Apple (Nasdaq: AAPL) is looking to intrude on Pandora's territory with a new Internet streaming music service similar to the one that Pandora is running. Apple might produce virtual "stations"... More