Pandora Stock Drops Another 6%
It was another down day for Pandora on Wall Street as the stock dropped another 6% to $9.83. That's a 2-day drop of 23% for the stock. And, financial writers have begun speculating on what might happen to the company in the future. Forbes contributor Mark Rogowsky has written a piece called "Pandora Finds little Profit Reinventing Radio." Perhaps, Rogowsky suggests, Pandora's best bet is to be taken over by a larger company.
Rogowsky doesn't believe, as Pandora CEO Joseph Kennedy suggests that consumers will continue to interact with Pandora's mobile ads for long. Read the Forbes piece HERE. The Wall Street Journal is also suggesting Pandora as a takeover target. Read the Journal piece HERE.
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