3:52 PM Pandora (P -14.1%) has resumed trading in an ugly fashion following a report Apple (AAPL -1.5%) plans to launch an Internet radio service in calendar Q1 2013 - shares had already been crushed in September after the WSJ reported on Apple's plans Bloomberg claims Apple, which sees the service as a way to boost iAd, is negotiating revenue-sharing terms with studios. The fact Apple's service is only expected to work with Apple hardware could limit Pandora's losses, as could the time invested by Pandora users in building custom stations. (earlier) (Read the comments on this)
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