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Snocap going down…

Shawn Fanning’s Snocap Prepares for Fire Sale – Bits – Technology – New York Times Blog

The great thing about the internet is that it is really quite inexpensive to set up a global music download retail site. So inexpensive that everyone is doing it. Snocap had made the MySpace connection, but it is unclear how many downloads they actually sold. With Amazon, coming in very strong and iTunes still capturing the majority of the market, it isn’t surprising that Snocap couldn’t make a go of it.

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