![]() With a constant stream of online media, Internet radio stations can be paused or played at will. Internet radio emerged in 1994 as an alternative to traditional broadcasting over radio waves. However, Pandora – whose stock price has since leveled off at between $12 and $13 a share - went public to raise much-needed money to build its business.Īccording to a March 2011 article in Fortune magazine, Pandora raised money through an IPO “to pay for licensing fees and to make acquisitions.” Added Tom Conrad, Pandora’s chief technology officer, on the company blog: Going public “allows us to do even more of what we’ve been doing and to bring even more resources to bear on our mission of enabling people to enjoy music they know and discover music they love.” ![]() Pandora’s IPO and others prompted some analysts who watch the technology stock market to speculate that another tech stock bubble – like the one that burst in 2001 after lots of dot-com stocks debuted at overinflated prices and later tanked - is in the making. Pandora’s stock opened at $16 a share and soon rose to $26 a share, much higher than analysts expected. It is also an opportunity for people in the company who own private shares to finally cash in and make some money. An IPO helps a company determine how much the stock is worth at that particular moment, and it allows the company to raise needed capital for expansion or other projects. When a company first issues shares to the public on the stock market, it begins with an (IPO) – an opening price for the stock. ![]() Pandora hit the business world charts in the past few months when its parent company, Oakland, Calif.-based Pandora Media, began trading on the New York Stock Exchange on Jthrough an initial public offering (IPO). A free account user may reach the streaming limit of 40 hours per month and pay 99¢ to continue unlimited streaming. For example, if you create a Kanye West radio station, your first song may be “Gold Digger,” and the next could be Lupe Fiasco’s “Superstar.” Listeners can either get a free Pandora Radio subscription supported by advertisements or a fee-based subscription without ads. Pandora Radio takes information from a song’s DNA and matches it with other similar songs to create a station based on your personal tastes. This concept of related tunes has fueled the rise of Pandora Radio, one of today’s most well known Internet radio stations. The two songs have shared characteristics like melody, harmony, rhythm, instrumentation and/or vocal performance. What you are hearing is a song that has a similar fabric – or DNA – to Katy Perry’s dance sensation. Then you realize, “This sounds like a weird version of ‘Teenage Dream’ by Katy Perry!” Have you ever listened to a song and had the feeling that you have heard it somewhere? You don’t recognize the band name or the song title, but the tune is familiar. BEPP 0001: Business Economics and Public Policy.HCMG 0001: Introduction to Health Economics.STAT 0002: Introduction to Statistics and Data Science.STAT 0001: Introduction to Statistics and Data Science.FNCE 0002: Essentials of Personal Finance.FNCE 0001: Introduction to Financial Markets and the Global Economy.Cambridge, UK: Strategy and International Management.San Francisco, CA: Innovation and Startup Culture.Management & Technology Summer Institute.
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