Don’t Worry, Pandora Only Lost $85.9 Million Last Quarter

Updated: Pandora shares are now plunging more than 35% in Friday trading, more here.
Will somebody please give this company a business model?
According to just-disclosed financials, Pandora lost a crushing $85.9 million over the past three months alone, the latest in a string of monster quarterly losses.  That compares to a year-ago loss of ‘just’ $2 million, or one-cent per share.  The hemorrhaging is happening despite substantial revenues of $311.6 million, a 30% year-ov