U.S. Markets closed

Pandora loses as more listeners tune in, WSJ reports

While Pandora Media's (P) music royalty costs, usually paid in tenths of a cent, are surging, the less advertisers are wiling to pay to connect with those listeners on smartphones, tablets or through car dashboards, compared to the ones listening on desktop or laptop computers, reports the Wall Street Journal. The company's shares dropped 18% yesterday.