Spotify Added 100M Users In Last 3 Years, Pandora Added 5M
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t's clearly turnaround time at Pandora.Three top executives, including founder and CEO Tim Westergren, are out, MediaREDEF's Jason Hirschhorn has joined the board and $480 million is on the way from SiriusXM.
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In addition to no clear path to profitability, Pandora suffers from a distinct lack of growth, even as Spotify and other competitors are adding users at an impressive pace.
The tale of Pandora's slow growth and difficult future can be seen in this chart:
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