As Time Progresses, Pandora’s Music Stock Continues to Surge and So Does It’s Number of Listeners Pandora has been famously known as a company that provides people with music through internet radio. Pandora believes that each person has a unique music taste and no two people have the exact same one. It has provided people […]
Pandora has been famously known as a company that provides people with music through internet radio. Pandora believes that each person has a unique music taste and no two people have the exact same one. It has provided people the ability to search music of a wide variety of sounds and styles. Pandora listeners are even able to create up to 100 different stations. There is no reason as to why everyone should join this internet site.
As a whole, this company has achieved a lot of hurdles. According to CNN Money, Pandora’s stocks have surged. What once started with an IPO of just $16 has rising up to $26 a share. It is usual to see stock prices fluctuate up and down throughout the day, but this music stock has been able to maintain at least $20 a share daily. Pandora’s CEO, Joe Kennedy doesn’t believe the idea that “Pandora is riding the hype of a buzzy tech IPO season.” He is happy with the way its stock has been progressing. Another company that has had its stock share doubled was LinkedIn.
Just as Pandora’s stock has been showing a great increase on its share price, its number of listeners have been increasing as well. Pandora announced their June 2013 audience metrics on Tuesday, July 9. It was stated that the listener hours for the month of June had “an increase of 17% from 1.08 billion during the same period last year.” The share of total U.S. radio listeners for that month had a 5.98% increase from around the same time last year and the number of active listeners increased, too. Last June, Pandora had 71.1 million listeners and this year, in June, Pandora had 54.4 million active listeners.
Anyone can see just how much improvement this internet radio service has been undergoing. It looks as if the future holds more improvement for this company and even more listeners, too. Pandora continues to give the people what they want and that is the power to choose the music and comedy they love at any time and at any place.