After this week’s roller coaster ride on Wall Street, AOL ended Tuesday worth less than Pandora, according to Business Insider.
AOL ended yesterday’s tradingwith a market cap of $1.43 billion— though it dipped down to $1.1 billion during the day — which is behind Pandora’s $1.87 billion.
“That’s shocking,” writes Business Insider, pointing out that Pandora’s revenue is “about one-tenth” the size of AOL’s. “AOL has been around formore than 20 years, has the number-five Web property in the U.S. with an audience of more than 100 million.”
However, “Pandora is growing. AOL is stagnant. And that’s what matters to the market.” Find the full Business Insider article here.
Other market shake-ups yesterday included Apple briefly passing Exxon as the larget company in the United States. Yahoo! Finance has more coverage here.