Does music suck as an online investment or what?

LaLa was purchased for $17 million by Apple, according to our sources with indirect knowledge of the deal. And the company supposedly had $14 million in cash in the bank, meaning the actual purchase price was really $3 million. continue reading...

Too bad no one listens to me, what I wrote about Facebook-oriented funds when they launched, I believe the title was “Why not flush money down the toilet, pal?“.  Was I being too nice?

Today: continue reading...

MySpace is about to buy iLike to galvanize its leader in music, and the deal, if it goes through, is a sign of the times for 2 reasons:

1 - At a rumored $20M price tag, the deal is anything but a hit, from TC: continue reading...