Pandora Pop Is Gone Day After IPO
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Pandora Pop Is Gone Day After IPO
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Re: Pandora Pop Is Gone Day After IPO
#2I don't think it is too surprising. They are bleeding cash and will someday have seriously stiff competition from at least Google, Amazon and Apple.
I do hope they do well; I really enjoy Pandora. But it has been an uphill battle for them to get this far, mostly because content owners are regressive-minded. And the battle will only get a lot more difficult as competition arises in the near future.
Re: Pandora Pop Is Gone Day After IPO
#3I don't think it is too surprising. They are bleeding cash and will someday have seriously stiff competition from at least Google, Amazon and Apple. I do hope they do well; I really enjoy Pandora. But it has been an uphill battle for them to get this far, mostly because content owners are regressive-minded. And the battle will only get a lot more difficult as competition arises in the near future.
Pandora isn't bleeding cash.
Re: Pandora Pop Is Gone Day After IPO
#4I don't think it is too surprising. They are bleeding cash and will someday have seriously stiff competition from at least Google, Amazon and Apple. I do hope they do well; I really enjoy Pandora. But it has been an uphill battle for them to get this far, mostly because content owners are regressive-minded. And the battle will only get a lot more difficult as competition arises in the near future.
Pandora isn't bleeding cash.
They're profitable?
Re: Pandora Pop Is Gone Day After IPO
#5these lackluster IPOs can truly be put on the backs of their financial partners
timing matters. the investment banks are taking companies public in a new downturn in the markets that could last a while. they should have gone public a year ago, when markets still had plenty of easy upwards momentum
what happened to pandora? greece. sorry, macro still matters. people get scared by big stories, they put their money in treasuries
Re: Pandora Pop Is Gone Day After IPO
#6This is a good thing
One of the lessons people seem to have forgotten from the first bubble is that the opening day "pop" is a manufactured scam by the ibanks so that their insider/selected clients can flip some shares for quick buck. You don't want a pop, a pop is bad.
An IPO'd stock actually trading at its priced value a day later is a sign that the banking advisers actually did their job right in pricing it.
Re: Pandora Pop Is Gone Day After IPO
#7Earlier quoted context omitted.
Pandora isn't bleeding cash.
They're profitable?
http://news.cnet.com/8301-31001_3-10433355-261.html
Looks like they recently turned their first quarterly profit.
I love Pandora. It's the app that's being run the most on all my machines (laptop/desktop/android). In my eyes it's completely overpowered things like satellite radio.
Google Music is nice, too, but only if you have a large existing library of music, and in my recent experience it's been very slow to jump from one song to the other.
I used to listen to Pandora for ~50 hours a month, but since they added in comedy show clips, my usage has jumped up quite dramatically. I absolutely love it.
Re: Pandora Pop Is Gone Day After IPO
#8Earlier quoted context omitted.
They're profitable?
http://news.cnet.com/8301-31001_3-10433355-261.html Looks like they recently turned their first quarterly profit. I love Pandora. It's the app that's being run the most on all my machines (laptop/desktop/android). In my eyes it's completely overpowered things like satellite radio. Google Music is nice, too, but only if you have a large existing library of music, and in my recent experience it's been very slow to jump…
I don't think this is correct at all actually:
http://www1.realclearmarkets.com/news/reuters/finance_busine...
And their stock price reflects it
Re: Pandora Pop Is Gone Day After IPO
#9Earlier quoted context omitted.
They're profitable?
http://news.cnet.com/8301-31001_3-10433355-261.html Looks like they recently turned their first quarterly profit. I love Pandora. It's the app that's being run the most on all my machines (laptop/desktop/android). In my eyes it's completely overpowered things like satellite radio. Google Music is nice, too, but only if you have a large existing library of music, and in my recent experience it's been very slow to jump…
That doesn't seem right at all. From Reuters yesterday,
"Chief Executive Joseph Kennedy said there was no timeline to turn a profit, though a larger audience should eventually attract advertising dollars."
http://www.reuters.com/article/2011/06/15/pandora-idUSN15283...
Re: Pandora Pop Is Gone Day After IPO
#10I don't think it is too surprising. They are bleeding cash and will someday have seriously stiff competition from at least Google, Amazon and Apple. I do hope they do well; I really enjoy Pandora. But it has been an uphill battle for them to get this far, mostly because content owners are regressive-minded. And the battle will only get a lot more difficult as competition arises in the near future.
Pandora isn't bleeding cash.
"Pandora is by far the leading Internet radio service, with 80 million registered users, but it has yet to earn a profit and nearly half of its revenues go toward paying royalties to be able to stream music, fees that are set to escalate over the next four years. It had losses of $328,000 in the nine months ending Oct. 31."
From an article dating Feb 14th, this year:
http://www.variety.com/article/VR1118032185?refCatId=1009
And from the Reuters story from yesterday:
"Chief Executive Joseph Kennedy said there was no timeline to turn a profit, though a larger audience should eventually attract advertising dollars."