representatives for airbnb and laxton declined to comment. want to get to pandora now also reporting, shrugging off apple music, and investors celebrate. they do not expect much in back from the new competition. joining me with more, amy in new york and the capital founder in l.a. amy, i want to start with you. highlights, raising the forecast -- act of listeners -- listening hours flat. what is the story for you? guest: the rpm's really nice and beat our estimates. so, i think the key story is closing the gap with traditional radio broadcasting. emily: we saw the reveal of apple music. we sat down with the founder of pandora to talk about how big a threat he thinks it is. take a listen. guest: there is a lot of novelty in this space. they do not become habitual products are folks. we tend to shed those in a hurry. ultimately it is about simplicity. people want to hit a button and here stuff they love without too much fuss. emily: the founder of pandora does not think apple music is a big deal. what do you think? is this a threat to pandora?