Make room, Pandora. A new music-streaming service is coming to town. At its annual developers conference on Wednesday, Google announced the launch of its new program that will provide unlimited music to users for $9.99 a month. Clearly, the choice to follow in the footsteps of companies like Spotify and Pandora, and the fact they did so before Apple, was viewed as a wise move, as Google saw a 2 percent jump in its shares on the New York Stock Exchange after making the announcement. Pandora’s shares, on the other hand, took a 0.4 percent drop.
Read it at Reuters
