“The sleep of reason produces monsters”-Goya
By the end of 2015 Pandora Executives and Investors will have sucked nearly 1/2 a billion dollars in “stock compensation” out of the company. Yet Pandora complains very publicly to the US Congress about being unable to cover royalties to performers and Songwriters. Hence the massive lobbying effort in Washington DC and endless lawsuits against performers and songwriters. Pandora is currently pleading for lower royalties before the Copyright Royalty Board in Washington DC.
Sen Ron Wyden the hand puppet of webcasters and broadcasters (and our vote for Manchurian Candidate) even repeated this crap when he announced the Pandora/broadcaster backed Internet Radio Fairness Act.
But this is not true. The interactive radio monopoly Pandora is not profitable simply because it doesn’t know how to live within it’s means. It’s just math folks. Look at the numbers.
If Pandora would eliminate the outrageous sums it is paying to executives in “stock compensation” it would actually be profitable.
As The Specialist at Seeking Alpha notes Pandora’s own 2015 guidance demonstrates that it would have a $70-80 million dollar profit in 2015 without the $122 million in executive “stock compensation.”