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Pandora (P -3.4%) releases its June audience metrics. Listener hours totaled 1.08B, +77% Y/Y but...

Pandora (P -3.4%) releases its June audience metrics. Listener hours totaled 1.08B, +77% Y/Y but -2% from May, which had one extra day. The company's share of U.S. radio listening is pegged at 5.98%, compared with 5.8% in May and 3.37% in the year-ago period. Active listeners came in at 54.5M vs. 53.3M in May and 36.1M in June '11. Pandora is selling off, but so are other volatile Internet names. YELP -7.4%. GRPN -5.6%. ZNGA -3.6%. (May metrics)
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Comments (8)
  • GaltMachine
    , contributor
    Comments (1528) | Send Message
     
    Funny,

     

    If we do get to a recession I wouldn't be surprised if all of these stocks end up at sub $2 prices.

     

    GRPN I could see falling to zero and joining last decades dotbombs.
    10 Jul 2012, 11:57 AM Reply Like
  • Illuminati Investments
    , contributor
    Comments (6220) | Send Message
     
    Except for Pandora, they all have almost that much in just cash per share, so that seems unlikely.
    16 Jul 2012, 04:25 PM Reply Like
  • GaltMachine
    , contributor
    Comments (1528) | Send Message
     
    Illuminati,

     

    In a recession all things are possible. Cash has a way of disappearing at an alarming rate when the burn increases. The stock price dropping to zero usually precedes the cash balances doing the same.
    16 Jul 2012, 04:39 PM Reply Like
  • Illuminati Investments
    , contributor
    Comments (6220) | Send Message
     
    Sorry, I missed your qualifier "If we do get to a recession", although haven't we already technically been in a recession since '08?
    16 Jul 2012, 05:02 PM Reply Like
  • GaltMachine
    , contributor
    Comments (1528) | Send Message
     
    Illuminati,

     

    "haven't we already technically been in a recession since '08?"

     

    Now that's opening a can of whoop ass!

     

    :)
    16 Jul 2012, 05:06 PM Reply Like
  • Illuminati Investments
    , contributor
    Comments (6220) | Send Message
     
    I don't really get your last comment, but I still love your name.
    16 Jul 2012, 08:48 PM Reply Like
  • GaltMachine
    , contributor
    Comments (1528) | Send Message
     
    illuminati,

     

    The idea that we haven't left a recession yet is basically the equivalent of a nuclear war on this site. For most people in this country your statement is 100% correct.

     

    The Urban Dictionary defines it well:

     

    http://bit.ly/Nsffwf
    1. a can of whoopass 397 up, 48 down
    A phrase used to indicate that the target is about to be introduced to a whole world of pain. Specifically, you, by opening this can, are going to unleash the power of whooping (that is, in the sense of attacking and beating, not in the sense of whooping cough) upon their sorry ass.
    16 Jul 2012, 10:07 PM Reply Like
  • winningtrader
    , contributor
    Comments (2465) | Send Message
     
    Great stocks ... can go to heaven with them. They are all fine. It is only gold that is a bubble not GRPN, definitely not!
    11 Jul 2012, 01:39 PM Reply Like
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