Pandora ($P) will begin trading on Wednesday.
I have no idea how they make money, or if that will even matter on Wednesday.
But I do use Pandora. A lot. As a matter of fact, it’s the reason I haven’t bought new music in a very long time. When I want to listen to a genre of music, I put on a music channel on Pandora. Done.
It seems like they play a quick ad every 30 minutes or so. I guess that’s their way to make money.
Anyway, Pandora’s ability to make money will eventually dictate stock price. But that won’t be the issue Wednesday. Everybody wants some, right?