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# UPDATE: Pandora Stock Takes Wild Ride After Spotify Announcement
- URL: https://www.hypebot.com/pandora-stock-drops-another-10-after-spotify-announcement/
- Published: 2011-12-12T10:12:45.000Z
- Updated: 2011-12-12T10:12:45.000Z
- Description: UPDATE 4PM MONDAY: After a very rocky day, Pandora closed Monday up slightly at $9.93. Considering that the S&P 500 fell 1.49% for the day, it may be a sign. Continue reading [https://www.hypebot.com/hypebot/2011/12/pandora-stock-drops-another-10-after-spotify-announcement.html]
- Author: Bruce Houghton
- Tags: Streaming, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201675eaa0179970b-150wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201675eaa0179970b-popup?ref=hypebot.com)

*UPDATE 4PM MONDAY: After a very rocky day, Pandora closed Monday up slightly at $9.93\. Considering that the S&P 500 fell 1.49% for the day, it may be a sign that Pandora's stock price is stabalizing.*

**Pandora** [stock fell](https://www.google.com/finance?client=ob&q=NYSE:P&ref=hypebot.com) another 5% in early morning trading Monday continuing a decline that began late last week after **Spotify** launched an [upgraded free Radio](https://www.hypebot.com/spotify-adds-free-pandora-like-radio-with-unlimited-track-skips/) feature including unlimited song skips and playlists. Pandora’s stock was also one of Friday's biggest losers, falling 5%.

Pandora launched its IPO in June at $16 a share. and has fallen more than 40% since its debut to $9.40.

“This is Pandora plus everything Spotify offers,” one music expert [said](http://www.nypost.com/p/news/business/pandora%5Fis%5Fon%5Fthe%5Fspot%5FXnsH6Uqzi93mpVTucT8AII?ref=hypebot.com) of Spotify Radio’s revamped service.

Spotify Radio will be rolled out this week along with [Apps](https://www.hypebot.com/complete-list-of-new-spotify-new-apps/). Spotify has 10 million active users and 2.5 million paying subscribers across 12 countries**.**

**More:** [How To Get New Spotify Radio With Unlimited Songs Skips Now](https://www.hypebot.com/how-to-get-free-spotify-radio-now/)