http://techcrunch.com/2010/06/16/tc-teardown-pandora-the-...

Pandora is the widely popular web radio service. Publicly they have said that they turned the corner to profitability in the 4th quarter of 2009. Below I forecast the 2010 numbers for Pandora using information from Pandora, music royalty rates that all webcasters are obligated to pay, and standard expenses of running a California based technology start-up.

TweetMeme Community Contributor posted about a year ago