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Smart play: Pandora's launching their IPO before the other big players start moving. With Google Music and Amazon Cloud Player coming into the market, Pandora's
by ryanlchan 15y ago
Smart play: Pandora's launching their IPO before the other big players start moving. With Google Music and Amazon Cloud Player coming into the market, Pandora's trying to get their offering done before competition gets fierce.
Feels like Groupon is doing something similar. With Google and Facebook moving closer into local deals and LivingSocial nipping at its heels, its only a matter of time before Groupon starts feeling the heat.
- kmfrk 15y agoPretty damn smart considering that they had the foresight of all this, when they filed for IPO in February.
- r00fus 15y agoGoogle's $6B offer for Groupon was the catalyst, not some "foresight"... Groupon thought they could get better from an IPO than going with Google.
- sliverstorm 15y agoHe was referring to Pandora, the ones that filed in February.
- jpdoctor 15y agoI think it has more to do with the end of QE2. Free money is ending, and asset prices are going to reflect that in the near future.
- bryogenic 15y agoDon't forget Amazon Local too.
- dunk010 15y agoThey're very different from amazon, google, and apple's current/coming offerings as they don't offer streaming on demand; they're a radio service. Even if there were 20 different on demand offerings, their business would still be valid as they're really selling their selection algorithms. Ridiculous price, though. $1B? Seems very high for a service that only provides radio.