Could this announcement be in any way shape or form tied to the new iTunes Radio announcement?????Hmmmm? Let’s get ready to watch an ugly fight as Apple and Pandora go head to head.
Pandora CFO Mike Herring announced that the company was lifting its 40-hour limit on free mobile streaming. Herring says that strong advertising revenue has made up for rising royalty rates; the company solidly beat analyst expectations this quarter, though its future outlook isn’t as sunny and it’s still barely making a profit.
via The Verge.