3wdl's Blog

Maybe it was my post about how I preferred last.fm to Pandora which did it, but whatever it was, mainstream media have finally got round to snapping up music networking sites in their trawl of Web 2.0. These are the sites that allow users to discover new music via the tastest& listening habits of their friends, and also complete strangers who happen to have similar music collections. They also tend to boast all the standard Web 2.0 features such as forums, blogs and rating systems.
CBS has paid $280 million (£140 million) for the popular music community and as mad.co.uk point out, that makes last.fm the most expensive British Web 2.0 company to date. The sale should also, as Motley Fool note, mean that phones are ringing off the hook at other music platforms such as Pandora, iLik...