cirnine

Pandora brought in $1.4 billion in revenue in 2017, and will have even more revenue in 2018.

Of course, licensing rates means that the company only gets to see a few hundred million of that, and a significant portion of that needs to go to advertising sales personnel -- audio advertising is incredibly hands-on compared to other forms of internet advertising.

As an aside: it was interesting when the stock cratered last year to the point where the market cap of the company was lower than its annual revenue -- all the revenue in the world doesn't make up for negative margins.

The last paragraph of the article answers your question:

  "We only half agree: Abundant evidence shows that people
   – including top managers – will in fact start to behave
   differently if you make a large proportion of their remuneration
   dependent on some measure of performance. But it will not be in
   a way you want them to behave."

Iranians use three calendars in daily life:

- Gregorian calendar for practical matters

- Islamic calendar for religious matters

- Persian calendar for matters of hubris

The modern Persian calendar is a solar calendar (sharing the same year 0 as the Islamic calendar), and the first day of the year is always synchronized with the Spring equinox.

Edit: Although the Persian and Islamic calendars share the same initial year, the (lunar) Islamic calendar is 11 days shorter. Over time, this has resulted in the current year being "decades" apart between the two.

https://en.wikipedia.org/wiki/Iranian_calendars#Modern_calen...