Pandora Media Inc (NYSE:P) couldn’t be accused of being a company with one fundamental flaw. The company’s business has been on the verge of breakthrough or disaster since going public, and its shareholders have ridden the roller coaster of its stock chart up and down and around again. After yesterday’s earnings report that ride is almost certainly over for many of them.
Pandroa Media Inc (NYSE:P) revealed in an earnings report released on Thursday that its user numbers are actually declining. The company no longer has the status of a growing looking for a way to monetize. Right now it appears to be an unprofitable firm in a market with growing competition and shrinking margins.