Pandora Files For IPO
itwbennett writes "Internet radio service Pandora Media on Friday filed documents with the SEC for an initial public offering of common stock. In its S-1 filing, Pandora said it has more than 80 million registered users and a more than '50% share of all internet radio listening time among the top 20 stations and networks in the United States.' While Pandora said the 'number of shares to be offered and the price range for the offering have not yet been determined,' MarketWatch reports that the music service hopes to raise up to $100 million."
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It sounds like you should stick to playing downloaded MP3s. One of the joys of this type of service is discovering music you otherwise might not have; inevitably there will be tracks or artists you don't like though.
Pandora is legit, and the RIAA already gets their metric ton of flesh from them (i.e., far more than a comparable terrestrial radio station would have to pay).
What does being 'legit' have anything to do with things? We are talking the RIAA here.
---- Booth was a patriot ----