Quote Originally Posted by SiriusBuzz View Post
Question: If this model is broken, why are so many companies, with so many investors, competing in the space?
Venture capital. Very similar to the 90s internet boom and bust. Smartphone radio apps will be no different. If I am Pandora I would IPO as soon as possible - Before 2.0 and before Spotify gets here.

Cuban got 5 billion from Yahoo for Broadcast.com in the 90s. Did it or any other internet radio company ever succeed? 17 years of this already. I know, smartphones will change it all. Right.....................Same broken model, new device. Ya gotta hand it to Pandora for getting there early much like Broadcast.com did. The coming flood of radio apps is inevitable.