Westergren keeps promise: Pandora profitable
Pandora, the popular music recommendation and online radio service, said Tuesday that it has recorded its first quarterly profit and is now striving to be profitable for all of 2010.
"We became profitable for the fourth quarter of 2009, and now we're shooting for profits for the entire 2010 [period]," Tom Conrad, Pandora's chief technology officer, told GigaOm.
While Pandora has yet to reach profitability for a full year, breaking the barrier--even for a quarter--is an accomplishment for the ravaged digital music sector.
Among the so-called Web 2.0 digital music services that sprang up in … Read more