PandoraIt's hard to understate how important Pandora's new on-demand service, which competes with the likes of Spotify and Apple Music, is to its future as a company. Many investors seem to have lost faith in Pandora's ability to succeed as an independent company without some sort of change. That's why Pandora's stock price swings wildly every time an exec at Liberty Media, which is seen as Pandora's only real suitor, makes a comment about its business. But Pandora still has a massive and loyal audience, and its leadership is betting big that Pandora Premium, the new on-demand service, will be a hit. "We intend to be profitable this year," Pandora CEO Tim Westergren said earlier this month on CNBC.

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