An attendee tries out Spotify Ltd.’s music streaming service, operated by Spotify Japan K.K., on a laptop computer during a launch event in Tokyo, Japan (Photographer: Akio Kon/Bloomberg)

Pandora and Spotify Both Surprise Investors as Fortunes Diverge

(Bloomberg) -- What a difference a week makes. Or just a couple of days if you’re in the music-streaming world.

After Spotify Technology posted disappointing growth figures on Wednesday, triggering the stock’s worst decline since its April listing, Thursday afternoon saw marginalized rival Pandora turn in a surprise of its own. Shares of the online-radio company enjoyed their biggest rally ever after it posted a smaller-than-expected loss last quarter, and showed new services are helping add subscribers.

Pandora and Spotify Both Surprise Investors as Fortunes Diverge

Shares of Spotify continued to fall Friday, taking the two-day decline to more than 9 percent, while Pandora surged 22 percent over the two sessions.

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