Pandora first added the limitation in March due to increased licensing costs, noting that just 4 percent of users would be affected by it. The company says it can now return to the unlimited option because of the “rapid progress of its mobile advertising”.
Following the release of a disappointing guidance in its second quarter results on Thursday, investors pushed Pandora’s stock down more than 7 percent in after-hours trading.
Image credit: Spencer Pratt / Getty Images
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