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Post by Johnkenn on Feb 12, 2015 9:00:29 GMT -6
Pandora Sues Songwriters For Lower Rates While it Pays Execs $122 Million in Stock This Year There they go again! Pandora is currently suing BMI songwriters for lower rates. Last year it was ASCAP. They’ve also been been sued by The Turtles for refusing to pay royalties to artists who recorded before 1972. Pandora’s entire business model seems to be either suing songwriters or artists and trying to set us against each other. And taking money off investors. Pandora plans to pay its top executives $122 million in “Stock Compensation” for this year alone. That’s right, the money-losing Pandora plans on paying executives $122 million in stock this year. Unbelievable. This is on top of their already inflated Silicon Valley size salaries. No wonder their stock is collapsing. It sure looks like the executives are vampires sucking the company dry. While pleading poverty to the BMI rate court judge and public. I don’t understand how these people stay out of jail. “The Specialist” at Seeking Alpha has carefully detailed how virtually all the losses at the company can be attributed to overcompensation of executives through this “Stock Compensation”. Read it here: seekingalpha.com/article/2896676-pandora-is-even-more-overvalued-than-you-think
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Post by tonycamphd on Feb 12, 2015 9:20:49 GMT -6
i'll read this later as i'm trying to allocate only a finite amount of energy toward anger per day lol, what a bad joke!
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Post by matt on Feb 12, 2015 11:20:59 GMT -6
Pandora Sues Songwriters For Lower Rates While it Pays Execs $122 Million in Stock This Year “The Specialist” at Seeking Alpha has carefully detailed how virtually all the losses at the company can be attributed to overcompensation of executives Seeking Alpha is my main Website for financial-related info. Highly detailed, authoritative, and well-vetted. IMHO. Highly recommended for anyone interested in the wacky world of investing.
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t3
Junior Member
I'm in the hi-fidelity first class travelling set.
Posts: 54
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Post by t3 on Feb 12, 2015 12:15:46 GMT -6
The site tried to make me register before I finished reading, but this was the best part of the article before that:
"Disclosure: The author has no positions in any stocks mentioned, but may initiate a short position in P over the next 72 hours."
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Post by matt on Feb 12, 2015 13:17:53 GMT -6
"Disclosure: The author has no positions in any stocks mentioned, but may initiate a short position in P over the next 72 hours." Yes, all authors are required to announce whether they have a financial or other business-related stake in any company or stock mentioned in the article. All articles are also peer reviewed by the editorial staff prior to publication. This is probably typical of sites like this but it is nice to see disclosure embedded in their publishing policy. Issues can develop a legal/regulatory aspect very quickly in this world, so I imagine that they watch what they post very closely. At least that's what they tell their readers.
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t3
Junior Member
I'm in the hi-fidelity first class travelling set.
Posts: 54
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Post by t3 on Feb 12, 2015 13:30:27 GMT -6
"Disclosure: The author has no positions in any stocks mentioned, but may initiate a short position in P over the next 72 hours." Yes, all authors are required to announce whether they have a financial or other business-related stake in any company or stock mentioned in the article. All articles are also peer reviewed by the editorial staff prior to publication. This is probably typical of sites like this but it is nice to see disclosure embedded in their publishing policy. Issues can develop a legal/regulatory aspect very quickly in this world, so I imagine that they watch what they post very closely. At least that's what they tell their readers. Well, I wasn't so much referring to this part - "Disclosure: The author has no positions in any stocks mentioned.." but I WAS very much referring to this part - "but may initiate a short position in P over the next 72 hours." He'd only short stock if he expected it to go down. That he outright said that's what he might do is just funny.
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Post by Bob Olhsson on Feb 14, 2015 15:16:49 GMT -6
Pandora is a scam. By the time their stockholders figure out that they have no sustainable business model after paying fair market value for music, the execs and investment bankers will have cashed out.
Perceived value is the silly-con-man valley way.
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Post by Johnkenn on Feb 14, 2015 15:24:24 GMT -6
Maybe I should buy a bunch of Pandora stock and bet against myself...
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Post by Bob Olhsson on Feb 14, 2015 22:42:59 GMT -6
I often get the feeling that music is the canary in the coal mine. Politicians hate us because most people will believe a song before they believe anything they say.
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