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. Danger
    July 28, 2011 at 2:14pm
    I find satisfaction in pressing my mute button when an ad starts to play. Almost as much as sizing my window so that I don't see any ads. So I end up with an ad free experience without paying any premium prices. Not hard to do. I know you have freemium model, that combines advertising and subscriptions. I guess my main point is that your ads seem really poorly targeted and annoying, and I wish you'd innovate as much in the area of advertising as you have elsewhere. David
  2. Paul
    July 29, 2011 at 2:25pm
    Here's a suggestion...One of my colleagues here at the office heard the song Hungry Like the Wolf playing on Pandora and mentioned this song reminded her of the movie Big Fat Liar and the blue pool water seen that played this song. We immediately Googled this on YouTube and had a great laugh. You should find a way to show what movies a song played in during your airing with the ability thru a Netflix like provider to immediatly rent it. I know in our society of wanting everyting right now, I would've jumped at the opportunity had it existed today. Plus, it creates another advertising revenue stream for Pandora! For what's it worth. KOKO Paul
  3. jim
    July 29, 2011 at 9:22pm
    haha here's a joke: pandora's song bank... no offense i just need an outlet to say that pandora needs to add Cunning Linguists to it's database. I thought Pandora was diversified to not need feedback like this Love all yall listenin to this site, Jim
  4. Eric
    July 30, 2011 at 1:53am
    While I'm glad that you will have a better time at keeping food on the table, as I know that Pandora has had financial difficulties, I have to say that I'm a bit concerned about the future of Pandora. Publicly Traded companies tend to have the problem that they are at the mercy of the share-holders, and the type of share-holder that get to have controlling interest tend to not care about anything but profit. Do you have any way of ensuring that Pandora's functionality serves the desires of the Pandora Team and Pandora's listeners, instead of simply being altered to maximize profit?
  5. Us
    July 31, 2011 at 12:02pm
    Hey founder dude, Why is it lately i pick a station an then an hour later its playin music completely unrelated to what i picked!!!? Its really frustrating! Regards, Us
  6. garry pollack
    August 04, 2011 at 10:32am
    Do U guys think hearing the same commercial for NetFlix endlessly endears ure patrons to either U or ure sponsor? Or for auto insurance. I have no car! So a recommendation; Make a list of ure sponsors/products & allow us to select... just like we do the music, what we "mite" be interested in... unless what I am hearing is the full extent of ure sponsorship. In which case U R wasting ure time & our patience in endlessly regurgitating the same 3? commercials, Repeatedly...
  7. mark
    August 06, 2011 at 10:48am
    Pandora has finally become a traded stock. I'm buying as much as i can. As soon as I get pandora in my car it's goodbye XM!!
  8. anya wolfe
    August 06, 2011 at 12:19pm
    i love pandora, been using it for almost 8 years now, now if i cld listen on my phone it'd be awesome! i have a samsung flight II just fyi *wink wink* lol
  9. MrSnowJr
    August 07, 2011 at 9:20pm
    Hello Pandora. Im glad for the milestone. Getting up there with the big boys eh? Im glad that Pandora was made, a few months ago I just ran out of songs to listen to. Then I was told about your awesome site. I have been using it ever since! I was curious if you guys were considering making a Pandora App or something for the HTC Windows Phone 7 from T-Mobile. It would be great to have some of your great music to listen to on the go. I know this probably costs money. But im just hoping you guys could look into this. Thanks! - MrSnowJr
  10. Tim Lewis
    August 12, 2011 at 3:43pm
    I am in love with this service. I recently installed Pandora on my B&N nook (1st gen) and liked it so much that now I use it on my laptop and on my desktop at work (with my employer's approval, of course). Adding comedians to the mix is icing on the cake.

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