From Digital Music News:
Pandora isn’t a profitable enterprise, and Tim Westergren is arguing on Capitol Hill that unfairly-high royalties are threatening its long-term existence (as well as the internet radio sector as a whole). But regardless of whether Pandora makes it or not, this company has become a massive money tree for a very small group of executives. According to more documents discovered this week, the handful of Pandora brass has dumped about $63 million in shares in the past year alone, thanks largely to the lifting of a post-IPO selling restriction window.
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