Pandora Stock Plummets After Blake Morgan E-Mails Go Public

Today, Pandora lost roughly $120 MILLION in value, dropping 5% in the first hour of trading on Wall Street.  Why, you ask?

Yesterday, the Huffington Post picked up the Pandora/Blake Morgan story that was first broken here on Wordsushi six days ago on May 1. HuffPo picked up on the groundswell and ran with the continuing saga

giving it a huge splash on their Tech homepage as well as a video. And then keeping it on the Tech page where it became a HOT social media item, gaining over 3,000 likes in just about a day. All I can tell you is that people, very influential people in Washington D.C. and in the music biz are buzzing about this Blake Morgan/Tim Westergren exchange, and about Pandora’s hypocrisy… and it looks like Wall Street is beginning to notice, too…

$120 million is a LOT of money to lose in one day. You have to believe that Tim Westergren and the entire Pandora board has to be shitting a brick right now.

There’s more to come…. stay tuned… This story has legs because it’s about the sweatshop-like exploitation of musicians who are being taken advantage of by a company pretending to have their best interest at heart… and now that the truth is being revealed, I have a feeling we’re going to be hearing a lot more about this story in the days and weeks to come…