returns from the ashes

The Palo Alto, California company has returned from obscurity. The newest version will offer digital downloads like iTunes and free music streaming like MySpace without the advertising. The site started as just a CD-trading website, and then changed to a free music browser. The new idea is to combine both technologies. The venture capital money was $35 million from the likes of Warner Music and Bain Capital (Mitt Romney Fame which he left in 1998). They have six million tracks loaded all for free. You can put the song in your music locker to access from any computer with username for ten cent each. You can also upload your own music into the locker from CD or PC. Downloading the songs will be anywhere from 79 to 89 cents without DRM. The only revenue the site will rely on is the track sales and music locker songs. There are 300,000 users in the system and at this pass profitability is within reach. They reported that they need to sell 15 to 20 downloads per each thousand free streams to be profitable. Everybody seems to be on board as they have the blessing of all four major labels and 170,000 independents.

Countdown to Election Day 2008: 14 days
Countdown to Inauguration Day 2009: 91 days
National Debt 10/17/1998 5,539,382,200,885.97
National Debt 10/17/2008 10,334,206,499,002.15

And all these things are swept aside
By bloody hands time can’t deny
And are washed away by your genocide
And history hides the lies of our civil wars
W. Axl Rose Civil War (1991)

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