Oh, Crazy Internet Startup CEOs, what will you come up with next? Hoping to become the online equivalent of your local used record shop, Bopaboo.com plans to allow you to sell your used MP3s for either cash or store credit to turn around and buy more cheap, DRM-free music. The site is in a closed beta at the moment so don’t start gathering up your file folders for beer money just yet. Additionally, the site will almost certainly be shut down shortly after it officially opens (if not before) since it can’t possibly be legal—even real used record outlets are in a bit of a legal gray area as it is. If lawyers don't shut them down, the terrible business model surely will and, unfortunately for them, that won't stop the record companies for going after them anyway. Watching this all play out should be the most entertaining dotcom train wreck since the nineties. [The Ridiculant]
New online music retailer started by people who must really like going to court
Oh, Crazy Internet Startup CEOs, what will you come up with next? Hoping to become the online equivalent of your local used record shop, Bopaboo.com plans to allow you to sell your used MP3s for either cash or store credit to turn around and buy more cheap, DRM-free music. The site is in a closed beta at the moment so don’t start gathering up your file folders for beer money just yet. Additionally, the site will almost certainly be shut down shortly after it officially opens (if not before) since it can’t possibly be legal—even real used record outlets are in a bit of a legal gray area as it is. If lawyers don't shut them down, the terrible business model surely will and, unfortunately for them, that won't stop the record companies for going after them anyway. Watching this all play out should be the most entertaining dotcom train wreck since the nineties. [The Ridiculant]
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