Google shutting down Songza. Pandora falling on convertible bond offering.
After all this time Pandora EV/EBITDA
Enterprise Value/EBITDA -61.78
http://finance.yahoo.com/q/ks?s=P+Key+Statistics
They still can't make money. I am so glad Pandora went public years ago. It revealed the business of music streaming. It will be interesting to see Netflix's EV/EBITDA after their worldwide expansion plans are completed by year end 2016. My guess is they won't be making any significant cash flow either. Very tough business. Market sure loves it right now. They loved Pandora too at one point.