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Pandora Media Inc.

December 10, 2011
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Online music service Pandora slumped after Spotify Ltd. disclosed plans to offer a competing Web-based radio product. Spotify has been adding features to attract listeners and convert users to its paid service. Spotify Radio will let subscribers choose an artist, track, or genre that becomes the basis for an online station, the company said. The service will be available to Spotify’s free and paying subscribers.

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