The Genome project started then as a corporate entity. That is not the same as Pandora is nowadays. There was a series of evolutions along the way. this company really started when it went public. We now clearly know how bias you are.
By that count, companies like AKAM, AMZN and SIRI would have gone under a long time ago. They had huge losses for many years before they started generating a profit, and they are not the only ones. While, it is impossible to tell if this will be a big money maker down he way, if I had invested in the above and in several others a decade or more ago, I would be a multi-millionaire by now. When I said disaster, I was referring to the financial statement, not to the decline in the price of the stock. These are two completely different matters in the short run. I don't consider the decline in the price of the stock a disaster, I consider it a buying opportunity like one may never see in this stock again. With the settlement on the royalties out of the equation and 57 million one time charge taking on the last quarter, the loss almost fizzles out. If they had not gone hog wild spending money on marketing, then, it would have show a profit. I expect the company to show a profit for the current quarter if they just hold on to their purse strings a little bit.
tp, you do have a point. But I would not call it a disaster. The metrics of the number of listeners show that it is down, but on the other hand revenues are way up. How do you get revenues to be up so much if all the metrics are down. Certainly, the non-paying customers is a down numbers but somebody is making payments to Pandora for something. I do think that in time the free model will disappear. Overall listener count will go down, but paying listeners will go up substantially. And there might be something like to tiers of customers. But we will see.