Napster music sharing over 25 years ago. It just got bought for $207 million \ stacker news ~tech

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More than 25 years ago after throwing the music industry into disarray, Napster is being purchased for $207 million.

The acquirer is Infinite Reality, which plans to create virtual 3D spaces that allow music fans to enjoy concerts or listening parties together.

Infinite Reality plans to create virtual 3D spaces that allow music fans to enjoy concerts or listening parties together, and let musicians or labels sell physical and virtual merchandise.

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29 sats \ 2 replies \ @kepford 25 Mar

Its wild that its been that long. Brings back many fond memories.

0 sats \ 1 reply \ @Wumbo OP 25 Mar

The irony is rich, can not embed this video in another site.

"https://www.youtube.com/watch?v=zGM8PT1eAvY"

0 sats \ 0 replies \ @kepford 25 Mar

Indeed!

26 sats \ 2 replies \ @0xbitcoiner 25 Mar

0 sats \ 1 reply \ @nikotsla 25 Mar

Play a lot with those magnet when broke.

0 sats \ 0 replies \ @0xbitcoiner 25 Mar

☝️

16 sats \ 3 replies \ @SimpleStacker 25 Mar

Interesting, I didn't Napster was still active.

20 sats \ 2 replies \ @SimpleStacker 25 Mar

By the way, you know I'm a human and not a bot because i make silly mistakes like forgetting to put in words

0 sats \ 1 reply \ @Wumbo OP 25 Mar

That is exactly what an AI bot would say.

0 sats \ 0 replies \ @SimpleStacker 25 Mar

Plausible deniability is the way.

12 sats \ 0 replies \ @kepford 25 Mar

I think there is a good argument to be made that Napster was a net good for the music industry. When you think it through it makes sense. I will leave it to the reader to do that :)

10 sats \ 1 reply \ @k00b 25 Mar

Link?

18 sats \ 0 replies \ @Wumbo OP 25 Mar

Added to OP, Thanks for catching my mistake

0 sats \ 0 replies \ @Car 25 Mar

In January, the company announced that it had raised $3 billion at a $12.25 billion valuation, although it didn’t reveal any investors. Acunto told CNBC that the company’s investors want to stay anonymous.

Sounds like the deep state. Doomed before it even starts. 😂