Well, Pandora just opened its box of numbers for the first time as a public company. Yesterday, the company released its Q2 numbers. And, while Pandora's revenue growth is impressive (it generated $67 million in revenues -- up 117% year-over-year), it continues to lose money. By my calculations, Pandora lost $3.3 million in Q2 alone.
Now don't get me wrong, Pandora has lots of money in the bank -- $95.3 million to be exact. But, a $2 billion valuation on these numbers? Call me crazy, but I simply don't get it. And, I am a music lover who streams music 24/7.