Pandora goes public, stock prices instantly surge

If you’re a classicist, you could say that Pandora has officially opened her box. If you’re a music snob, you could say that Pandora has officially sold out (in which case: Get a job, hippie). Either way, the fact remains that Pandora Media Inc., one of the leading online radio companies — which runs off a system called the Music Genome Project — has gone public. And, according to Bloomberg, stock prices are soaring: The company rose from $7.26 to $23.26 as of 10:01 ET. Pause for a moment to picture Pandora founder Tim Westergren taking a break from being influential to dive around in his money like a porpoise, burrow through his money like a gopher, and then toss his money up and let it hit him in the head.

Follow Darren on Twitter: @EWDarrenFranich

Comments (22 total) Add your comment
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  • Sina

    Its not free anymore?

    • Clarissa

      It’s still free.

      • Nick T

        Then whats the difference? More ads? More licenses?

      • Jay

        @Nick T: There is no difference. Did you even read the article?
        Pandora’s shares just went live for trading on the stock market, that is all

  • Rico

    Uncle Scrooge McDuck reference = win.

    • StripeTG

      I agree. Anytime you can use an Uncle Scrooge reference it is a good thing.

  • Jay

    Understandable… Pandora is the single most used function of my smartphone. It is used more often than the phone itself

  • John T.

    Ever sInce I got an iPhone I started using Pandora in my car all the time. I just can’t listen to regular radio anymore, with it’s seemingly endless commercials and repetition of songs.

    • Rich

      stop being cheap and get a sirius

      • Jay

        Two different things. Pandora is superior to Sirius in alot of ways

      • John T.

        I agree with Jay. I used to have XM Radio then I discovered it was just as bad as regular radio, I was constantly switching stations. As for Pandora, I paid for the yearly subscription. It’s commercial free and it caters to the kind of music I like to listen to.

  • The Man

    Sirius is the only way to go for me. Go Stiletto for car and home. Best ever.

    • Jay

      Yeah, but can you skip a song while using Sirius?
      Pandora > Sirius

  • DowortheDao?

    Don’t say I didn’t warn you. Better tell Lindelof.

  • Chris

    A Good Alternative to Pandora is RadioIO. I like RadioIO better than Pandora because they offer LIVE programming and is still internet based at RadioIO.com

  • UGH

    Sirius>Pandora
    Why?
    Howard Stern.
    I’ll listen to my iPod for music.

    • Jay

      Wow, so your argument is because one shock-jock is on Serius its better than Pandora?

      Personally for me, I dont want to hear ANYONE talking to me when I turn on the radio, I want to hear music.
      Furthermore, I want to hear music that is selected according to my own personaly tastes.

      • UGH

        Your grammar is atrocious.

      • UGH

        Let me put that in your terms:
        Youre grammer be attroshus.

  • Colin

    I dont have an expensive Phone/media player to use it to stream bad sounding music. I listen to my library of music. I just bought a new car and it has 6 months of free sirius and I have turned it on twice. Its sound quality most times is lower than a mp3 and it cuts out when next to tall buildings and going under bridges. I think i will stick to my mp3 collection

  • Dom

    Correction… it didn’t rise “from $7.26 to $23.26.” It rose from $16 to $23.26. The increase in price was $7.26, and that’s actually misleading, as $16 is what the investment banks paid for it, not what the average Joe could’ve paid.

  • Living in a Cave

    I never heard of Pandora.

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