10-22-2012
While Apple was making waves unveiling the new iPad Mini and other products on Tuesday, it may have been what they didn't talk about that helped Pandora's stock make its biggest jump since August. There was no mention of a new Pandora-like music service. Apple Senior VP Phil Schiller, when introducing the new iPad Mini said, "Pandora looks and works great on the device."
It was back in early September when news broke that Apple was negotiating deals with record labels to start a new service similar to Pandora's. The Pandora stock was slammed on that news, dropping 17 percent to close at $10.47. It's been slowly recovering. Pandora was up over 8 percent yesterday closing at $9.86.
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