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June 19, 2012 at 13:36 PM EDT
Spotify Launch Slams Pandora Stock
Pandora shares were off more than 6 percent earlier today, now down over 3 percent on news of a new rival from Spotify. The streaming music service is launching a new web radio service for mobile devices, which takes direct aim at Pandora's business model.
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Emisphere Technologies, Inc.
PANDORA MEDIA, Inc.
SONY CORPORATION ADRS
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