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.
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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.
I'd be more impressed if they could support themselves after 7 years and didn't need investments and an IPO to stay afloat.