Sunday, 12 June 2011

Pandora Boosts IPO Price by 43 Percent to Raise as Much as $176 Million

LinkedIN - Pandora - Angry Birds - Zynga

The Tech Bubble is back too!!!!

It is time to get out of the eqty mkt before 2012.



http://www.bloomberg.com/news/2011-06-10/pandora-boosts-ipo-by-43-to-176-2-million-amid-demand-for-web-companies.html

Founded in 2000 by Tim Westergren under the name Savage Beast, Pandora has lost money for more than a decade with an accumulated deficit of $92.1 million. Revenue comes from selling advertisements that target users based on age, gender, home postal code and musical taste. The ads support the free radio service, and the company also sells subscriptions to users who prefer to listen without marketing.

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