News for hackers. Stuff that matters.
Re:Pandora Pop Is Gone Day After IPO by mattlong on Thursday June 16, 2011 @01:46PM (#2662366)
How about not assuming a company that just IPOed is at the end of its road but instead will continue innovating and finding new revenue streams? They did just raise $200MM after all.
Re:Pandora Pop Is Gone Day After IPO by dhh on Thursday June 16, 2011 @02:31PM (#2662561)
I actually think Pandora is going to turn out to be a nice, profitable business. But the valuation they're getting in the market is not that of a "nice, profitable business". It's one of a MASSIVELY profitable business throwing off hundreds of millions in profits. So far they haven't thrown off anything.
Re:Pandora Pop Is Gone Day After IPO by jcol on Thursday June 16, 2011 @02:02PM (#2662434)
I'd be more impressed if they could support themselves after 7 years and didn't need investments and an IPO to stay afloat.
Re:Pandora Pop Is Gone Day After IPO by sabat on Thursday June 16, 2011 @08:27PM (#2663846)
Actually they've been previously profitable but keep putting money into expanding the business.