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How about not assuming a company that just IPOed is at the end of its road but instead will continue innovating and finding new revenue streams? They did just r
by mattlong 15y ago
How about not assuming a company that just IPOed is at the end of its road but instead will continue innovating and finding new revenue streams? They did just raise $200MM after all.
- jcol 15y agoI'd be more impressed if they could support themselves after 7 years and didn't need investments and an IPO to stay afloat.
- sabat 15y agoActually they've been previously profitable but keep putting money into expanding the business.
- dhh 15y agoI actually think Pandora is going to turn out to be a nice, profitable business. But the valuation they're getting in the market is not that of a "nice, profitable business". It's one of a MASSIVELY profitable business throwing off hundreds of millions in profits. So far they haven't thrown off anything.