Peter Kafka

Recent Posts by Peter Kafka

Pandora Is a Free Music Company Worth $2.6 Billion

Plenty of folks make a persuasive case that Pandora may be overvalued, but investors aren’t paying attention: The company sold 14.7 million shares at $16 apiece today, giving the Internet radio service a value of $2.6 billion. That’s up from the $10 to $12 range the company floated last week, which was above the $7 to $9 range it had floated a week before that. The general public gets to weigh in tomorrow, when shares start trading on the NYSE under the “P” symbol.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus