Pandora

Tim Bradshaw

Photo: Pandora

Pandora has just appointed a veteran of Microsoft’s advertising technology business as its new chairman, president and chief executive.

Brian McAndrews left his role at Seattle’s Madrona Venture Group, once a seed investor in Amazon.com, to join the internet radio service as it braces for new competition from Apple’s iTunes Radio. He replaces Joe Kennedy, who is retiring after leading Pandora since 2004. Read more

To Tim Westergren, Pandora’s co-founder, Apple’s iTunes Radio is just another “Pandora-killer” that will be less deadly than it first appears. A once wobbly Wall Street now seems to agree: Pandora’s shares have doubled this year – and were up another 8 per cent on Monday morning – as investors focus not on competitive threats or grumbling artists but on growth opportunities such as integrating its internet radio service into cars. Read more

Tech news from around the web:

Security researchers have warned that HTC Android  smartphones including the Evo 3D, the Evo 4G, and the Thunderbolt contain a flaw that gives Internet-connected apps access to personal information such as text message data, location info, e-mail addresses and phone numbers, CNET reports. “It’s like leaving your keys under the mat and expecting nobody who finds them to unlock the door,” Artem Russakovskii, one of the researchers, warns. Read more

Tech news from around the web:

Google has announced  its new solar energy fund for SolarCity, a residential solar power provider, ZDNet reports. Google’s $280 million dollar investment in the fund is the company’s largest in clean energy to date, the company said in a blog post.  Read more

Chris Nuttall

Out of Pandora’s box has sprung information on pricing, shares being offered and, with a quick multiplication, a valuation for the internet radio company ahead of its imminent IPO. Following LinkedIn and Yandex’s big flotations, and Groupon’s filing today, the increased amount being raised by Pandora suggests that it is optimistic of greater interest in its offering than when it first filed in February. Read more

Chris Nuttall

Pandora has filed for a long awaited IPO, with the internet radio service on the verge of profitability and reporting more than 80m registered users in the US. That is double the 40m it reported in December 2009, when its backers first told us it was a prime candidate for a share offering. Read more

Chris Nuttall

Pandora, the personalised internet radio service for music, goes from forte to fortissimo, announcing on Wednesday it reached 40m registered users this month.

At a media dinner the previous evening attended by Tim Westergren, Pandora founder and hosted by Crosslink Capital, the VC which led a Series C round for Pandora, Peter Rip, general partner at Crosslink elaborated on its success.

Revenues in the latest quarter were up more than double on a year ago, he said, and Pandora is the prime candidate in Crosslink’s portfolio as VC firms look to bring their best companies to market in 2010. Read more

David Gelles

  • Microsoft and Brussels have started a new round of talks over a potential settlement of the software company’s antitrust travails in Europe. The resumption of what one person close to the situation described as the “on again, off again” discussions comes as the regulators move closer to imposing stringent penalties on Microsoft over its practice of “bundling” its Internet Explorer browser with the Windows operating system.
  • Facebook showed off the power of its Connect service today, as about 1m of its users logged into sites like CNN, ABC and MTV to chat about the Michael Jackson memorial service. Some members were wallflowers, but others were chatty, posting upwards of 800,000 status updates through the partner sites. Twitter, no doubt, also experienced a boost during the memorial service, but Facebook clearly proved that it, too, could be a prominent forum for public discussion.

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