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12 Jul 2011 14:01

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Music, Tech: “New Pandora” does away with Flash and becomes more social

  • Pandora is getting rid of Flash. Their current site pretty much entirely runs on Flash, so a move to HTML5 is a big step for them, and as their site’s tech has gotten creaky over the years, a bit long-overdue. The moral of the story is that Pandora’s facelift looks really, really cool. Not to mention their renovations make the site more social, encouraging people to share music with their friends and making the entire process easier — it’s definitely something to look forward to, especially if you’re an avid desktop Pandora listener. source
Posted by Justin Jones • 0 Comments • Permalink

16 Jun 2011 20:11

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Biz, Tech: Pandora’s crappy day: When day two of an IPO totally bombs

  • $16 the amount per share Pandora set its initial public offering for
  • $26 the price the internet radio company reached at its peak yesterday
  • $13 the price the stock closed at today; not looking so hot source
  • » This isn’t a good sign: Generally when a stock has a steep decline immediately after its IPO, it means that the pricing is totally off. In the case of Pandora, the company initially planned to enter the stock market at $7 to $9 per share, but with the current investor fervor over internet companies, the IPO price doubled. Meanwhile, other recently-added tech stocks — LinkedIn and Yandex — have fallen from their peaks, but remain above their IPO prices. In the case of LinkedIn, they’re a solid 52 percent above their IPO price.
Posted by Ernie Smith • 0 Comments • Permalink

16 Jun 2011 10:51

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Biz, Tech: One day after its IPO, Pandora’s stock falls below its IPO price

  • yesterday As the latest entrant in the “there’s a new tech bubble” contest, Pandora had an IPO that leaped fairly high above its $16 starting value. Not bad for a company that isn’t profitable, eh?
  • today It appears reality has caught up with Pandora at least a little, as the stock’s price fell below its IPO price in day two of trading, proving that the company is in fact susceptible to the effects of gravity. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jun 2011 11:03

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Biz, Tech: Tech bubble? Pandora’s IPO kicking butt on Wall Street today

  • $16 the initial public offering price for Pandora, the online radio station that predicts your tastes
  • $20+ its current price on the stock market; it’s a situation that mirrors LinkedIn’s recent IPO source
  • » Another sign of strong investor demand: Pandora’s IPO is more evidence of a growing tech bubble, though Pandora’s on a smaller scale than some of the other companies expected to do an IPO soon. Facebook and Twitter, once they do their IPOs, will likely make this look like a walk in the park. Which makes it understandable why some investors might think that Pandora — which hasn’t turned a profit — might get overshadowed a year or two from now. Pandora also faces some tough business challenges because of their reliance on expensive music licensing — ensuring that that their profit margins remain extremely tight.
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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