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Articles tagged with: streaming service

The Breakdown On Music Streaming Service, Spotify

Spotify is a huge music streaming service that just launched here in the U.S. after much success abroad. The music is composed of underground and mainstream labels and brings the best of both worlds.

It differs from Pandora (Internet Radio Station) in a number of ways. Firstly, you can freely search for a song out of a database of 15 million tracks, rather than randomly listen and hope for a song you like to pop up, as how Pandora currently works.

Pandora’s IPO Raises Again, To $16

After we had just covered Pandora’s IPO raise from $7-$9 a share to $10-$12 a share, the company has just raised the price to $16 per share (nearly double of its original offering). According to Chris Nerney from IT World, this is an old Wall Street trick to raise investor enthusiasm.

Nerney argues that this is a tactic to make Pandora seem like an extremely desirable investment, whether it is or isn’t. This opens Pandora’s box (so to speak) on the first day of trading and will cause investors to pay a high price of about $30 to $40 a share. It is also likely that the stock may dip down to a low $20 in the coming weeks.