This final note today, in which reports of a tech bubble may turn out to have been greatly exaggerated. Remember yesterday’s big IPO? Pandora, the streaming music service. Shares had a nice little bump, then closed about 10 percent above the opening price.
Yeah, not so much anymore.
Investors apparently realized the company has never made any money. Shares down 23 percent today. They’re now almost $3 underwater from yesterday.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
