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. Brad Goins
    July 04, 2011 at 7:46am
    All that accomplishment, and there is, as far as I can tell, no way for the users to contact this company and provide input -- not even about the Genome Project. This morning, Pandora played for me a piece by Haydn and gave as its title "Work." That tells me there is still a great deal to be done. Giving the user the title "Work" is giving the user a useless products. I hope somebody somewhere is giving Pandora input about exactly what does to be done.
  2. Robert Block
    July 05, 2011 at 6:17am
    Congratulations on the IPO! I have been a Pandora user for about two years. I enjoy hearing new music through the service. Lately, I have been using the service more and I have begun to notice that there seems to be a pool of mainstream music with which I am familiar that you seem to draw from. That is to say, that each Station I create seems to repeat the same songs. What is the best way around this issue other than continually adding more stations?
  3. Roosevelt Stuckey
    July 05, 2011 at 8:27pm
    I'm absolutely thrilled to have access to such an awesome media millenium! PAnDoRa you have initiated a love of eternal Gratitude by me. Keep on doing what you skies be the limit I support you 100% now & Always. Sincerely Yours. BOO STUCKEY
  4. lesslie
    July 06, 2011 at 10:08am
    hey persons i love this place cous its all about music that we love and all about us this is an awsome place around here i hope u all write back i would if i had any body tyep me
  5. steve
    July 06, 2011 at 2:54pm
    you gies should really make an app or something for the straight talk phones
  6. Barry
    July 06, 2011 at 6:00pm
    When is pandora gonna start streaming audio books? com'on Pandora, lets get audio books on here. Start a cloud audio book program please
  7. pinkerton
    July 07, 2011 at 5:47am
    Great job guys. You all deserve the success, with such a great product! Congratz.
  8. Walt Rodriguez
    July 07, 2011 at 11:37am
    You have listed the song "I've Got Dreams to Remember" w/bio for Gary U.S.Bonds!,when it OBVIOUSLY Otis Redding!! Do you guys actually listen to this stuff? Mistakes withstanding, this is a music web site and should strive for better control of accurate info.{Think EMAIL!} Google the title and see what YouTube says! "Uncle Walt" Rodriguez PS: Yes,I am a pro.
  9. carl p padula
    July 08, 2011 at 7:27am
    it work great for the first half hour then it wouldn't work?
  10. Sean
    July 08, 2011 at 10:41am
    I'm a long-time Pandora user, and have converted dozens of people over. I love it. I want to see you guys succeed, and do so wildly. To do so, you need to work better to monetize your product. 1. Get in the business of selling the downloads when people like the song. Screw Amazon and Apple and getting a tiny cut. There's got to be a way where I can easily click a button, pay YOU for the song and you deduct credits from an account. You'll make more money, and it'll be a better experience for me than having to go through a third party. 2. Create tiers of subscriptions: - Free: 40 amount of hours per week, with ads (like you have now). - Basic: $10-15 per year, unlimited hours, fewer ads - Pandora One: What you have now - Pandora Premium: $X More than Pandora one, includes Y amount of song downloads included, as well as a few more perks you can identify (e.g., contests, etc.). This will encourage buying songs here on Pandora, and get people used to buying here. Come on Pandora! Get to work getting rich off your incredible product! Let us help us help you get there!

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