pandora on pandora, i love it, rocco.eone else. what did you think of the results and how much of a threat do rivals pose to them? >> there have been pandora killers for as long as pandora's been around especially sense the company went public. they're all formidable and we're all in a great space. if you're a consumer, there are all these different choices and the way you can go about consuming the product. i saw the shout out louds at the el rey in hollywood. i discovered their music on pandora and bought their music on itunes and when i know i want to listen to them, i can listen to the whole thing basically for free. there's a small subscription fee every month. when i want radio and when i want to sit back and listen to my favorite radio station and discover a new artist i go to pandora. there's so much competition. it's complementary and i don't think pandora has anything to worry about. nobody has internet radio built out to scale like they do. 70 million users. aaron, i think you took your numbers you have on the

pandora reports earnings next week. the stock fell 2.5% to $16 and change, but up 75% so far this year. >>> and a pair of software companies making strong debuts on wall street today, tableau software and marquetto, which makes cloud based marketing software, flying high. tableau up 63%, and marquetto, up to $23.10. >>> one year ago tomorrow that the highly anticipated facebook ipo took place. and the public offering was anything but smooth. coming up, a look at how the company is making money one year later. >>> but, first, we'll tell you about a stock that's up 300% over the past three years, and it has been quite a ride. but, first, at the international markets closed today. >>> as housing recovers, the fear is that renters would turn into buyers and an apartment investors would lose out. that fear may be unfounded and as diana oelich tells us, an analyst says low supply and strong demand points to profits in apartments. >> we are in the calm before the development storm. that's from analyst ivy sfwlelman, best known

interesting about this, there's a radio component to it which competes with folks like spotify and pandora. taking a step back, there was more than just music announced here. google also talked about the service that they want to expand google plus, lots of new photo and video sharing features. and overall, this was not about hardware as much as it was last year. last year we talked more about streaming music through the device and this was squarely about services. they rolled out a new version of

and if i brought someone to oakland the highlight of the trip they would have to see pandoras office and is the neighborhood they over look i have lived in the neighborhood for over a decade now and how they have evolved and transformed. sidewalks are full and at night now there are people all over and for our employees, that is place where they spend a lot of time there is a lot of thing for them do now and socially groups are always going out and about and pandora is an artistic and creative enterprise fundamentally and that is a business that you want to be in a like minded community. oakland to know it to love it. (applause) . . >> good morning. [inaudible/incomprehensible] the chain we celebrate for weeks and weeks on happy valentines day. i also like to know who i'm talking to so how many of you have been to the east bank? okay pretty good about a third that is about the same in oakland about a third in san francisco and how many of you have visited -- on the east bay yeah, another about a third. so that is actually one of the points that i'll be making today basically, the two

it threatens pandora, iheart radio and yes, apple.sily accessible to anyone with a smartphone. investors have poured $125 million into the service because its 107 million blogs are giving marketers an entirely new way to reach niche audiences. it's drawing six-figure ad investments from all the major studios along with brands including ge, pepsi, at&t and home depot. and tumblr could soon be taking dollars from established new media giants yahoo! aol and even facebook and google. our last disrupter is twitter. its 200 million active users tweeting over 400 million times each day are transforming the way the world communicates. from breaking news to advertising, even customer service, 140 characters at a time. now that twitter's ramping up its advertising, its valuation is estimated around $10 billion. television and madison avenue are now embracing the twitter conversation so they're not cut out of the equation. now, melissa, there's a lot of exclusive disrupter 50 content happening online this week. on twitter we're usin using #cnbcd

. >> i wanted to ask you a quick question about what was happening with pandora here. it was up by more than 13% at one point today. basically came out with a loss, but the loss was not near little as bad as forecast. >> people were optimistic at first and then they started digesting it, the stock was up, i think, almost to $19.50 at one point and finished around $16.50. it just shows how volatile names like this can be. >> right. >> i thought it was very interesting to see that. it did end up closing lower on the day. after opening so much higher. >> let me get to you, brian, what you think about the new media, social media or internet stocks. facebook is one name that really comes to me, because essentially it has not participated in the recent euphoria that's come back to some of these stocks. >> well, facebook had a nice pop prior to the earnings and it sold off ever since. you look at the left for dead sort of names out there, pandora, we saw a lot of upside call buying, so, it's not a surprise to me we saw a pop in the name there. definitely option activity that'

. >> you're also on the board of pandora. are you worried about apple launching an alternative?we're a top app on apple. itunes is incredibly successful. i think they are different things. apple, while it has had incredible successes has had a hard time doing things that other people do really well. if you look at ads business, that is not where they are at. they have had things like genius and ping that they had have to back out of. 77% of all streaming radio is on pandora. they need to be innovating and billing out the sales force and tapping into the local market. moving to the web. and you watch pandora go from half a percent of all listening to now over right under 8%, i don't know whether it's 10, 12, 14, 15% but at some point when they are that large of a player, we can just see that the tail winds will be coming behind them. >> tumblr, what's the next big thing? the next billion dollar acquisition. >> i wish i could guess those all the time. >> those are the bets you're making every day. >> our job is to make enough of them right. the one that i put time and money behind

. >> good evening, scott, we're watching pandora, jumping in the after hours session.is point, higher than 9%. top line, 128.5 million, slightly better than expectations, the bottom line, a loss of 10 cents a share. but highlights from the quarter include that mobile revenue and nearly doubled. and investors really like that because mobile, of course, is one of the most important revenue sources for the company. and, of course, that is because users are listening to music on their smartphones. this stock has been hot this year, up year-to-date, up more than 100%. >> thanks. >> so they're figuring out their mobile thing, as well. like most others are trying to do, j.b., what do you do? >> they're crushing it. i'm a user and i've liked the stock for a long time. this is one of those names where word got out that apple was working on a competing service and they trashed it. but it turns out apple's not invincible as we've learned in other areas and i think pandora, there's plenty of room. one thing i want to mention, look at stocks like aol, they're one of the few compani

ask.com and pandora continues to set the stage for innovative tenants span expanding in oakland. office sales in the bay area courts of record recovered substantially with over $6 billion of transaction in downtown san francisco and 10010 merchandise sale least back of it's san francisco 5012 head quarters san francisco projects represent or 200 million square feet. in pre-leased to single user ice tenants while 2,222nd and five thrive mission are scheduled to break ground later this year with escalating represents triggering new office instruction construction in san francisco oakland's turn to build is around the corner now fraction's mid market is part of the city's most significant public transit corridor in 5012 the building at the edgy intersection of sixth and market and also hometo mayor lee's election head quarters was leased by benchmark capital from the not to edgy sand hill road in pal low alto we have seen mid market morph from michael douglas and carl mailed den chasing bad guys to twitters 2012 move into 10th and market and now, onto doll bee sounds one million dol

find the pandora celebration bouquet charm, i found our colors. we've made a decision.brushes... you should check out our workshops... push your color boundaries while staying well within your budget walls. i want to paint something else. more saving. more doing. that's the power of the home depot. behr premium plus interior paint, only at the home depot and starting at $23.46 a gallon. ♪ time now for "pop news" and host of "on the red carpet" rachel smith. we prefer when you're here with us. >> right. i'm solo in l.a. techno music. right, exactly. to get stuff cooking, the stunning kate upton is proving critics over going from swimsuits to high fashion gracing the cover of next month's "vogue." the curvy girl says there's parts of her body she can't change and doesn't care. i don't know what she would possibly change. she tells the magazine i feel confident with myself and if that inspires others to feel confident with their bodies, great. in addition to conquering the tour upton wants to do more movies and design lingerie. the new issue hits issues may 21st. >> listen

. >> oakland had a good -- on a few year ago on tech companies pandora and -- in terms of headline making companies that seeps to have gone cold recently is that unfair impression or is there something that needs to be done to recharge tech companies. >> i think it will follow the office space but the companies that we have habe they are to the making as many headlines as the headline makers and particularly in product production and the companies we have have expanded and so longevity is almost taking up the varietiable office space and jack on london square and so he has been here since -- [inaudible] can the pandora is growings and they have a cluster around those -- foundation and is-head up more technology those of you who remember back to our college level the software, the founder of that foundation officer and would be the [inaudible/incomprehensible] small technology company it doesn't seem that small, certain we are about half the size of san francisco but when we have these clerks of people comeling forth into that industry hundreds and hundreds of people are there and i don't

pandora fell a bit because of the news, but google announced this. bottom line, 900 million devices worldwide. smart phones and tablets operating google's android operating system. liz: high of the day, $903.47. i want to check pandora, down just a about a berpt, not as bad as i thought it would be with another big entity entering the space. thank you very much, adam. i'm with counting yous and, you know, sure hot to handle now. ♪ little thing let me light your candle ♪ ♪ because i'm hard to handle closing bell ringing in 50 managers, do hedge fund managers represent the smart money? they are underperforming the s&p this year, but by following certain hedge fund brain yaks, our next guest is out performing the s&p. why not just put your money into his fund? he's going to make that case for you. we find out how he invests with only the smartest of the smart money. here's an important question for you, would you relocate to a new city based on how much the city makes you pay in taxes? we'll tell you which cities have the lowest tax rate coming up so yo

after pandora reports. so keep an eye out on pandora. lastly, some big movement in small cap biotech. this company is topping an inhaled insulin. up better than 190% year-to-date. talk about beta. bill? >> seema, thank you very much. >> we're in the final stretch of trading. it's been a wild day. we are, after all of that volatility, not too far from where the market opened. >> wouldn't that be the great irony? we finish unchanged today? that would be perfect. >> there you go. >> more than half of the stocks in the s&p 500 have hit new 52-week highs right now. we're going to hear from somebody who says that actually is a bearish sign for this market. really? we're going to make the case. >> and later, is our market in danger of a massive sell-off the way we saw in japan overnight? we'll debate that. stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me

this is a strike not just at apple but also at pandora's and spot if is. there are lists of music and radio stations that you can create. this is in the context that android is the strongest mobile eco-system. chrome is the strongest web browser. both of those are important platforms. also announced 900 million android activations. more announcements coming. sue? >> john, thank you very much. the dough is up 64 points on the trading session. nasdaq is up 9 points. the transportation average is up another 55 points. delta is saying it expects improved profits. southwest boosting its different end three to four cents a share. joining me here on the floor is bob pisani. good to see you. we talked about the debate on the floor about the fed tapering back. they are starting to call this the teflon market. every indicator all of the indications are a market that is way overextended. it's really kind of amazing. >> sectors are acting a little strange. i'm not sure how i feel about it. they're under pressure. i see the dollar rallying in the last few weeks. >> the

another good story from pandora.radio station had another loss in line with expectations, says it should break even in the current quarter. it saw its subscriber base more than double to 2.5 million for those willing to pay for ad- free radio listening on pandora. its shares are high they are morning as a result. getting some good news on the economy over the past two days had a nice drop in jobless claims yesterday, new home sales rose over 2% in april and this morning the commerce department says durable goods orders rebound in april of 3.3% following a 6% decline in march and a key gauge for tracking business investment rose 1.2% a stronger gain than the month before. stocks have been sliding though over the past couple of days. worry over the fed tightening up the bond purchases earlier than expected. working on the first losing skid since the middle of april. stocks down this morning. dow down 52. nasdaq down 18. s&p off by 8. shares in gap are lower by 2% but that's been on a good run of late. pandora is up by

find the pandora celebration bouquet charm, exclusively at jared. soccer ball?nouncer ] that's why he went to jared. bring your own lettuce. byol. and we'll dress it up with grilled chicken. crunchy veggies. fruits, dressings and crispy noodles. new lean cuisine salad additions. just byol. find us in frozen. get 5% cash back at restaurants a handsome man will deliver good news. when you use your chase freedom card this quarter. what? activate your 5% cash back at chase.com/freedom >>> and that is our program for tonight. but we have two hours of "20/20" tomorrow night, so many talking about the diane sawyer interview with amanda knox. so, beginning at 9:00 tomorrow, another look right here. i'm david muir. >> and i'm elizabeth vargas. for all of us at "20/20" and abc news, have a great night and a great weekend. >>> fighting the flames, intense effort to protect people and property in the south bay. a live report from the fire line. >> can you say superbowl? what happened today that may ensure

david: pandora, initially, looked to be trading in the red, but it pulled up, even though it's prettylast week, but, still, ended the day up. >> back and forth action. i talked to someone who works very closely and trades pandora often saying if it trades like that, that's the action we see. it's about a buck-25 top to bottom, and we have a winning day here, the 20th winning day in a row. david: oh, if it's tuesday, it's got to be green. liz: that's right. here we go. dow up 111 points, but having lost a hundred-plus points on top of that because we were up 218 points. new hampshire, taking it for the bulls, s&p 500, and nasdaq is the biggest gain of one and a third percent. david: love when the russell does better than the others. the s&p case schiller index, rising 10.9% year over year in march. all 20 cities measured posted year over year growth for the third straight month. liz: digital company, liberty reserve and founder, accused of running a money laundering operation,

pandora gives it away from free. spotify has a free version.nly have the subscription service. >> isn't that funny? google has made its fur chun giving things away for free. >> you wonder at what point . >> in those categories they don't have the dominant position. they allow a lot of other people to make money on their platform. >> what are they going to do that will make me think it's worth paying a $10 fee? >> what they call it is radio without rules. that it will be so great, so custom and so much content that it would be worthwhile. but i think the truth is there are a lot of other free options. >> you have other music services. songza is pretty cool. >> you have i heart radio. >> blast fm. you get my point. all of these things that is getting so wide ranging. you wonder what is left for google to conquer? muse sick neic is next. >> they still make the vast majority of their money from search. >> that's a good point. i have seen it coming. yelp it. on deck. blackberry shares up a juicy 135% since their lows. one analyst sees big trouble ah

well, pandora's up over 32%, so they're doing great gun, but thai got a new business model where aftere to pay up. a lot of people are wondering whether that's going to be successful. today we find out. >> reporter: right, exactly. in the meantime, we're watching pandora hitting a new high again, so it's certainly one that is making those shareholders happy. liz: okay. as we bump up against the numbers here in the closing bell, we are looking at a market that is down but certainly not out. the dow had been down 120 points, and the s&p had been down a full 20 points. so when you see where we are now, it is a fightback with the s&p down just four, the dow jones lower by 11. david: what a turn around. liz: take a look at the russell 2000. it's been a real performer over the past couple weeks, moving higher by just two points. david: keep in mind that the japanese market went down over 7% overnight. everybody thought it was going to weigh on this market. it was down about 141 points early on in trading and then turned around. you could consider it flat based on what it was. let's take a lo

stocks now, shares of pandora are selling some to gain. >> reporter: we are seeing pandora move to theain , and it is a new 52-week high. such trading right now. for a half percent. this is after the company can now with quarterly numbers that were better than expected. the stock at 1796, at its highest point today. they have obviously been on the rise with their numbers. they have also had increased subscribers, mobile ads. also, another thing of the employment was the 40-hour count . so once you reach that limit yo can pay an additional fee to continue to hear your music throughout the rest of the month . we have heard of people doing exactly that, and obviously, on more little feet. the bottom line. the balance sheet. ultimately you're seeing pandor do very well today. dagen: thank you. an argument for spending on infrastructure, a bridge in washington. crumbling down. and more on less lenders paid vacation. wayne rogers is here with us. he is not happy about that. again, a government that increasingly is overreaching. we take a look at the world and their currencies, how they're ho

. >>> pandora pleased analysts with a better than expected earnings report. the number of subscribers tops two and a half million listener. >> the to be rose nearly 9% in after hours trading. >> wall street global, dow dropped 12, the dow dropped 3. the labor department says applications fell by 23,000 to a seasonably adjusted 340,000. >> economists say the decline in new requests is consistent with job growth. >>> authorities in identified the victim as lee rig be. two men established and hacked him to death in front of stunned witnesses before the unidentified suspects were shot and -- unidentified suspects were shot and wounded. >> in this photo we're go b to see you here, can you see a woman who talked to one of the alleged attackers trying to attack hem. she told him the newspaper was angry over the deaths of muslim women and children in i r ashgs iraq and afghanistan. >>> can you take the drones out of the hands of the ci, a? >> a protestor did not detur president obama as he spelled out his national security policy including unmanned strowns to strike

tune love your pandora bracelet. he went to jared. the ballet slippers? i used to dance. hearts? it's called the red hot love bead... oh. ...i've said too much. [ female announcer ] this mother's day, find the pandora celebration bouquet charm, exclusively at jared. >> whether you are just joining us or head out the door here are five things to know. >> fire crews fighting two major wildfires one burning has grown to 8,000 acres in southern california, and another fire burning east of reading stands at 10,000 acres and both fires are 10 percent contained. abc7 news reporter katie marzullo has the latest on evacuations. >> investigators are trying to determine what sparked a dangerous fire that damaged two homes and caused a gas meter to fail. that caused a stream of gas to relief fueling the flames. >>the c.h.p. is investigating a fatal accident that closed westbound 24 if lafayette for sex hours this morning and it happened at the central lafayette exit around 1:30. initial reports are that it may have involved a wrong-way driver. officers are looking to whether alcohol was a fa

pandora says they actually turn a profit this current quarter.news coming out of the streaming music oakland based company. pandora up 4% in the overnight trading. 68¢ opening bell coming up in an hour from now. >> google faces an anti- trust probe into whether there online at policy violates any laws. the federal trade commission is focusing on google acquisition of at a company double click in 2007. other firms would specialize in helping web publishers so as to put on there website have filed a complaint to the ftc. google with the no. 1 player in the 15 billion u.s. display and market in 2012, with 15.1% market share, compared to facebook 14.6% share, according to industry research firm the marketer. google is expected to widen its lead to 20.7% market in 2014. >> a new gallup survey race the most drizzle citizen the u.s. and one city in the bay area's made it to the top 10. california is home to buy the 15 most dreadful place to live in the u.s.. los angeles takes the top spot while san francisco ranks no. 7. hawaii is the laeast stressful p

pandora has more than 200 million registered users.for a piece of the music business. a subscription service similar to spodify. now, the reason all these companies are jumping on the music bandwagon is not because of the revenue from individual song downloads but rather the potential for mobile ad revenue, which is a fast-growing market and to certain extent, the app people use to listen to their music owns their phone's home screen for a good number of hours per day. that's valuable real estate. >> one question i have, i'll use pandora and notice all the songs i used to like, they're gone. is that because of a licensing agreement or expiration dates? >> i don't know of any changes in the licensing agreements. i do know that spodify is about 20 million plus songs, so many songs you shouldn't run out of stuff to listen to. >> unless you like obscure jazz stuff like myself. >> i'll tell you my beef with pandora, i was listening to it on the way in this morning, it was playing the songs i already had in my itunes library. and i thought,

. >>> internet radio company pandora reported its losses grew in the first fiscal quarter. the oakland-based company's net loss ending in april grew to almost $29 billion. revenue however was up 55% for a total of 125.5 million dollars. about $83 million of that goes towards content costs and royalties. pandora recently began charging users who exceed 40 hours of free listening every month on their tablets and mobile devices. >>> are you putting your pet at risk by bringing them along for the ride? we see if dogs are in danger if they are buckled up. >> sunny skies over oakland and berkeley right now. a complete lack of marine layer. you see nothing but blue sky but once again it was chilly. we'll talk about when the sunshine is going to go away and rain is going to move into the forecast. yes, there's rain in the seven- day forecast. i'll have it for you next. >>> and i'm dennis o'donnell. coming up, the bay area sports hall of fame inducts a star- studded class. >> he ever sees that i would be -- >> how a stanford's decision to snub the big leagues might help him. >> mone

executives unveiled a streaming music service called "all-access" which will compete with spotify and pandora available now. a company also released a redesigned google plus along with flashy new photo and search features. perhaps the biggest highlight? a rare appearance by the ceo, larry page, who sounded hoarse. >> i wish to be building great things that don't exist. >> didn't talk very well, but techies will have to wait longer to find out more about the much-anticipated google glass. the financial times reports the taiwanese manufacturer will make the first run of google glass in the south bay. >>> real estate in the bay area is booming. a surge in home prices shows people are willing to shell out more to snag the house they want. for the first time in five year, median home prices in the bay area stopped $500,000. new and existing homes hit $510,000. tight supplies mean fewer homes are being sold. >>> people in solano county may have noticed the smoke from a grass fire this evening. the fire was fueled by strong winlds in the -- winds in the area. it burned about 5 acres. >>> from wind t

how many is there to talk to us a reminder that americans have gone leaving pandora's box wide open. been especially on me personally i never thought an old collaborated with the americans. which i want your i work to be i am and always have been a taxi driver se. i still can cross the country north to south from that hotel follow all taxi i go wherever i can find work and i don't hesitate god be praised all i want to still live my. twenty days on the road perhaps one hundred checkpoints. with my friend khaled we've crossed a country which is officially no longer at war but where peace is not being restored a country divided by sectarian shia sunni and kurd communities a country where tara is a daily issue. from zoho bill so the manja kook muscle to create for. baghdad babilonia kabbalah as far as i'll file we've traveled a road where danger is ever present. khaled was under the protection of his god and me. engulfing the neighborhood syria's civil war to spread across the border into lebanon hezbollah defiantly promises victory over sides enemies indeed it would appear hezbollah int

>> yeah, pandora's a beat, sort of.l street was looking for earnings per share, a loss of ten cents, that's where it came in, but revenue higher at $125.5 million. you've got to wonder why they didn't then lose a little bit. good news is they're up to 70 million subscribers, that's up 35% from a year ago, a 35% increase in usage. and one last thing, david, mobile users, important part of this company, mobile revenue up 101%, that's slower growth than the fourth quarter. david: it is, but it is still doing gang busters. and look at this, todd horowitz, after hours the stock is trading up. what is that, about a 10% rise? it ended at 17, it is now trading at over 19, todd. this a buy tomorrow? >> not in my world. i think this short squeeze. you've got a company that hasn't made any money, an industry tahas a lot of competition right now. i wouldn't be a seller, but certainly this looks like a short squeeze. david: hold on a second, todd, this is very important. the question of whether people believe in the stock and what i

joe kennedy from pandora stepped down after the company's report.er, my next guest says there are other ceos that should be on the lookout, as in looking over their shoulder. clinton cantrell is with consumer watch. i do want to start with andrew mason. sec said he was doing financial voodoo with his projections for earnings, yet he stayed quite a long time, did a lot of damage. i mean, that seems to happen a lot these days. >> right. and sometimes the person who is with the company from the beginning or really with the longest time is not the right person to see the company through these channeling times. we're sort of going through a mini tech, maybe not a bubble and bust, but a squeeze. and he was one of the first to be squeezed, in fact, you know, a lot of -- remember when groupon was the only, one of the few daily seal sites on the web -- deal sites on the web, and now there are thousands of them everywhere. cheryl: some of the comments he was making were rather random as he was leaving as well. the board was a little more proper in how they de