Pandora stock fell as much as 21 percent to $15.25 in after-hours trading Thursday following a poorly received third quarter earnings report. The ad-supported Internet radio company delivered several bitter pills to investors and admitted it got dinged by customers sampling Apple’s launch of rival Beats One, along with the launch of its subscription streaming service, which was on a free trial during the quarter.
Source: Pandora stocks tumble amid rise of Apple Music | New York Post