BUSINESS INSIDER: “SHOCKING,” BUT “PANDORA IS GROWING” AND THAT’S WHAT THE MARKET WANTS

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Issue Date: 
Aug 10 2011 - 12:00pm

From Issue:

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 growingAOL 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.

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Perhaps the reason why pandora is becoming the most chosen internet radio of the people aside from the fact that it has a combination of old and new songs it is also for free. - Lindsay Rosenwald

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Companies like AOL were terrible missmanaged. It is hard to beleive they lost so much ground to Apple and many others. Pandora wiil eventually swallow AOL whole. It will not get to the likes of Facebook and Twitter in my opinion. Who knows maybe someday it will be listed on the Dow Jones Index.

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