Shelly Palmer Radio Report – June 16, 2011

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Streaming online music service Pandora recently launched its initial public offering, selling 14.7 million shares opening day. The share price gives Pandora a valuation of nearly $2.6 billion, but many investors are skeptical about whether it’s worth it. Having millions of subscribed users does not necessarily translate into millions of dollars in profit. In other news, a new bill is being proposed to the U.S. Senate that would stop government officials from being able to obtain user’s location information. Officials can currently seize data from GPS devices including cellphones and tablets without a warrant. If passed, the “GPS Act” would also require companies to receive user consent before using their location information. And finally, leaked documents obtained by reveal that Facebook is creating a sophisticated photo-sharing app. Current photo apps like Instagram have become hugely successful, finding millions of users. Facebook users already upload 6 billion photos a month.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



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