Sunday, June 12, 2011

The Pandora IPO –$P


Pandora ($P) will begin trading on Wednesday.  

I have no idea how they make money, or if that will even matter on Wednesday.

But I do use Pandora.  A lot.  As a matter of fact, it’s the reason I haven’t bought new music in a very long time.  When I want to listen to a genre of music, I put on a music channel on Pandora.  Done.

It seems like they play a quick ad every 30 minutes or so.  I guess that’s their way to make money.

Anyway, Pandora’s ability to make money will eventually dictate stock price.  But that won’t be the issue Wednesday. Everybody wants some, right?

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