Pandora No Longer On Verge Of Collapse, Set To Be Profitable Next Year
From: The Business Insider
After lamenting for years that high streaming-royalty rates would shut down online radio service Pandora, founder Tim Westergren indicates that those dark days are behind the company.
In fact, he claims that Pandora will post a profit for the first time next year, as the service is expected to double its revenue this year to $40 million.
Read the rest at The Business Insider.
