The Epic Fail of the Pandora IPO

Discussion in 'Economy' started by boedicca, Jun 16, 2011.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Watching the Pandora IPO is like watching a slow motion train wreck.

    I can't believe anybody was stupid enough to buy into the IPO frenzy on this money losing company without a business for which the CEO can say with confidence when the company will turn profitable.

    In after hours trading today, it is less than half its peak price on day one.

    This was really a Wall Street con job, fo shizzle.
     
  2. iamwhatiseem
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    iamwhatiseem Gold Member

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    And yet...those that hyped it up...made $millions on the buy...and again on the sell.
    People should go to jail for this kind of thing...seriously.
    My son's paper route makes more money than Pandora
     
    Last edited: Jun 17, 2011
  3. editec
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    editec Mr. Forgot-it-All

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    Another example of the kind of frenzies that happen when the investment class is awash with money and cannot find enough sane places to invest it.

    Remember the tech bubble?

    Same deal.
     

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