Music streaming company Pandora saw fluctuations in stock prices after the announcement of the company’s earnings and news of $150 million in new investment. On Monday the company’s stock fell 2.62% at first and minutes later was up 3.37% after the investment announcement.
The company had smaller than expected losses in revenue, despite a dropping user-base, and also got the $150 million investment from KKR.
Buoyed by the investment, Pandora executives spun a hopeful tale during the earnings call. But a later than expected full launch of Pandora Premium and slight downtick in use left more questions than answers about Pandora’s long term growth.