Consumers prefer specialists
Pandora’s stock has taken a big hit in recent weeks due to rumors that Apple is considering entering the Internet radio space. Similar concerns have been raised about Microsoft recently “reentering” the space of Internet radio (actually, it’s already in and has been for years — it’s simply rebranding its less-than-stellarly-successful “Zune Music Pass” as “Xbox Music Pass”), about the fact that Spotify is offering radio channels, and about the possibility of Google competing in the music space.
In all of these cases, I think the alarm is over-exaggerated.
Here’s why: Each…
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