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Pandora (NYSE:P) - short - Jeff Himelson

  • After hours on Thursday, Pandora reported better than expected earnings, but gave full-year guidance that was lower than analyst consensus.
  • Decelerating active listener growth is a harbinger that revenue growth will decline as well.
  • Although it sold off after hours, the stock will further decline Friday, as investors realize the egregious trading multiples this company trades on.
  • Here is my previous article on the earnings release.