We reported last week on Pandora‘s stock price diving after a seemingly well-sourced Wall Street Journal article suggesting Apple was planning its own personal radio service. With no announcement at the company’s iPhone 5 launch event on Wednesday, despite a lengthy section devoted to music, investors have been piling back in to Pandora. Billboard notes that Pandora’s shares ended last week at $11.35, regaining half the loss it had taken after the WSJ article. Note, not all the loss: the report was authoritative enough to suggest that Apple will launch an ‘iRadio’ style service at some point, which would provide competition for Pandora.
Pandora stock bounces back following Apple event
