Fortune Magazine and The New York Times says yes. And Fortune goes so far as to say, “The money-losing music service has put itself on the block,” and calls it nothing more than a fire sale. The Times reports Pandora has taken the step to hire Morgan Stanley to shop the company around. Fortune says that with Pandora losing about $10 million every month, “it’s difficult to see who would see such a deal as attractive.”
And if you find anyone interested, tell them I have stock to sell them in PETS.COM.
A money losing business that has no chance of making money? A business selling a stock, not a product? Is this a real question? They have been for sale from DAY ONE. Of course the people in charge want to cash in.