Pandora took a swift one in the nuts today, and it will likely loiter till after the first of the year. Just the simple--but pragmatic observation by management on whats going to happen in fy2013, fiscal cliff or not, caused the retraction.
What do you think is going to happen when everyone realizes the Grpn's model inverts in a declining economy? This goes to a buck. Hang on to P, dump GPRN while you can JMHO.