We crossed a milestone at Pandora today: this morning we began trading as a public company on the New York Stock Exchange (NYSE) under the symbol “P.”

It’s a very proud moment for all of us, and we’ve all paused for a moment to take it all in. A number of us were on Wall Street to witness the opening day, and we’ve celebrated the moment with our teams all across the country. It’s really something to see people actually start to buy stock in your company. Pretty cool!

Most importantly though, this represents an encouraging sign about our hopes for building an enduring and impactful company. “Going public” is really a means to an end. It allows us to do even more of what we’ve been doing and to bring even more resources to bear on our mission of enabling people to enjoy music they know and discover music they love… and to help musicians find their audiences and build careers. Music is continuing to go through a major transformation – and no more so than in radio as it shifts from a broadcast world to unicast, personalized radio. We have a rare opportunity in front of us to influence the way people connect with music and to create a healthy music industry – one that is more inclusive of working artists and more expansive in the listening audience it serves. It’s an ambitious goal, but we think it’s an important one, and an achievable one.

We have many, many people to thank for our progress so far: investors who gave us the resources to get started; great advertisers and forward-thinking agencies who have recognized Pandora’s potential and embraced our platform in these early days; an amazing group of business partners – from car companies to consumer electronics to smartphone manufacturers for building so many great devices to deliver Pandora anytime/anywhere (and to the amazing networks that make that possible); labels and artists who continue to send us fantastic records everyday across hundreds of genres; and of course to our listeners who have been the lifeblood of Pandora, spreading the word about our service to friends and providing a nonstop stream of invaluable feedback. Not a day goes by that we aren’t grateful for every part of this ecosystem, of which we are now a part.

So we look forward with great anticipation, ambition and a healthy dose of humility to the years ahead. It’s a wonderfully exciting time and we’re very thankful to have this opportunity.

Now, back to work!

Tim (Founder)

Comments

  1. Kyle
    June 27, 2011 at 6:52am
    Congratulations guys and gals at Pandora! These are truly exciting times. The world of radio is taking a huge step in a much needed direction, moving away from large broadcasting to unicasting to individuals. I salute all of your work both in developing this technology and in the Music Genome project, over the time I've been using Pandora my stations truly almost never play music I don't like. It's nice to see a tagline that is also actually a reality! :) I'm excited to see both where this company and this technology is going to go in the future, I only see bright things ahead.
  2. cynthia lahne
    June 28, 2011 at 9:45pm
    Wow! My daughter turned me on to your site and I am thoroughly impressed! This is what internet radio has only aspired to be. You have a great idea, now run with it. I will back you all the way. OK, Got to go now...have to tell ALL my friends!
  3. eddy
    June 28, 2011 at 10:14pm
    Just started using Pandora at the suggestion of my nephew who is now my #1 favorite nephew! so much old music to reminisce to and new music to experience - thanks you very much for creating Pandora, it is simply BAD ASS! Keep rocking! Now to get back to my music :) Dude.
  4. Asp3
    June 29, 2011 at 5:19am
    RE: Cross breed-stations Matt, there are actually two ways to accomplish this. Once you've established a radio station with one artist as the seed artist. You can add a second artist to it using the browser interface. Simply choose the Edit Station Details for the station and add any other artists you want as seed artists. A second way to accomplish this with the browser interface is to use the QuickMix feature and just choose the two stations with the different artists as seeds.
  5. David Martin
    June 30, 2011 at 8:22am
    I have looked at your financials and I have changed my listening habit. I no longer just let it run on and on when I leave the room I turn it off. :)
  6. Grannygoose
    June 30, 2011 at 7:32pm
    Hi Tim/Pandora, thanks for having this great radio station where we can pick our own music without commercials too!! This is really Awesome, keep up the great job!! :)
  7. Paula Dixon
    July 01, 2011 at 6:12am
    I used to think Pandora was brilliant, but the fact that it has become inexplicably convinced that I constantly want to hear disco music is really making me reconsider......
  8. Jen
    July 02, 2011 at 9:42am
    I've been here from the start and I've been supporting the mission in whatever ways I can since day one. There are times when Pandora seems like a second best friend and how could you _not_ support that kind of project? =D This is very exciting! I'm off to check out the NYSE right now! Congratulations on reaching this milestone. Wishing you the best!
  9. brittany scarlett
    July 03, 2011 at 5:01am
    How do I change the music on my pandora I am new to all this and I need a little help?
  10. Destin Weddings
    July 04, 2011 at 6:48am
    Love Pandora's wedding music , its perfect for receptions

Comments are closed.