Pandora slumps on report Apple could take a bite out of its business - Market Day (click for full article) By Roland Jones, NBC News "Pandora is the latest company to come face to face with the giant Apple steamroller, according to The Wall Street Journal. The newspaper reports Friday that Apple is in talks to license music for a custom-radio service comparable to the one Pandora offers, with virtual stations that play songs similar to the song or artist that a user chooses. If true, the development represents a major threat to Pandora's popular music service, which runs on PCs, mobile devices and smart phones. Pandora's share price sank 18 percent to just above $10 Friday morning, presumably in response to the report. The Journal noted that Apple's service would work on iPhones, iPads and Mac computers, and possibly on Microsoft Windows-based PCs -- the same distribution channels through which Pandora's listeners currently tune into its radio stations. However, the Apple service would not work on smartphones and tablets running rival Google's Android operating system, the Journal said, underlining the ongoing battle between the two technology giants."