Report: Pandora Founder Dropping $2 Million A Month
October 10, 2013 at 7:25 AM (PT)
TIM WESTERGREN is cashing out his PANDORA MEDIA holdings. Digitalmusicnews.com reports the Internet music service founder is dumping more than $2 million a month of stock.
According to the report, WESTERGREN has apparently exhausted his available holdings in the company. His dramatic dropoff in funds comes in the wake of APPLE's launch of iRADIO, seen as a direct competitor to PANDORA.