In one of those “you can’t make this up” kind of ironic twists Pandora Media, Inc. went IPO yesterday.

In 10 years of operation the company has earned a whopping profit of $0.  That’s right – zilch, nothing, nada.  In fact the company has done a wonderful job of stockpiling losses.

Sounds promising, yes?  Get real.  It’s a deal reminiscent of the late 1990s when any lousy idea with a dot-com at the end of the name would go public allowing greedy/lazy/stupid investors to pile into the stock.  NASDAQ 5000 didn’t happen by accident.

In Greek mythology Pandora was the first woman.  Each god helped create her by giving unique, seductive gifts.  As the myth goes she opened a jar (“Pandora’s Box”) releasing all evils of mankind.  She did this unknowingly, of course, and not with malicious intent.

Upon closing the box the only thing remaining was Hope.  Hmmm…buying stock in a company that’s never earned a profit?  Sure sounds like hope.  And the company’s name is Pandora?  You can’t make this up!