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Napster was founded by Shawn Fanning and Sean Parker. [3] Initially, Napster was envisioned by Fanning as an independent peer-to-peer file sharing service. The service operated between June 1999 and July 2001. [4] Its technology enabled people to easily share their MP3 files with other participants. [5]
On June 1, 1999, Fanning released a preliminary beta program of Napster and soon, hundreds of college students at Northeastern were trading music. [2] Sean Parker was the co-founder. They got the name from Shawn's Harwich High School nickname "Nappy", in reference to his hair texture.
In 2002, Roxio bought the assets of the original Napster at its bankruptcy auction and acquired PressPlay in May 2003 for $40 million. [5] After integrating the services, Roxio launched a revamped Napster in October 2003, whereby users were able to download songs a-la-carte or pay for a monthly unlimited download and streaming media service.
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In a 2000 study, it was shown that users of Napster who download free music actually spent more money on music. [20] In another study, it was proposed that by downloading free music, users are able to sample new music and find new tastes, which may lead to increased sales. [21] Several artists also supported Napster and used the service for ...
Follow these steps to make a week without spending a rewarding experience to you and your bank account. Ask Yourself Why You’re Doing This Challenge Before diving into a no-spend challenge, you ...
If you’ve been spending too much lately, it might be time to put your wallet on lockdown. See: 3 Things You Must Do When Your Savings Reach $50,000 Taking part in a no-spend month might sound ...
Sean Parker (born December 3, 1979) is an American entrepreneur and philanthropist, most notable for co-founding the file-sharing computer service Napster, and was the first president of the social networking website Facebook.