Pandora came out with little hype and failed to go anywhere...and in fact it fell in the first two days it was released. It may have had good reason for falling...Pandora hasn't made a profit even though they have an estimated 49 million listeners. Is this reason to fear for the internet bubble to burst...not likely, but it is causing fear in some people's eyes. However, no one can say for sure.
It's a flashback to the 1990's...with some exceptions. The problem isn't necessarily "internet based companies", but internet based companies that haven't seen any black in their books- ever. That is probably what scared investors from Pandora
. There a lot of other internet based companies set to hit the market, some profitable and others, not so much. Will it affect future internet based IPO's or not? Will Pandora be worth investing in at some point?
. There a lot of other internet based companies set to hit the market, some profitable and others, not so much. Will it affect future internet based IPO's or not? Will Pandora be worth investing in at some point?
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