27 Years Ago, the First Legal Music File-Sharing Site Went Public, Only to Be Crushed by the Record Companies
On July 21, 1999, Mp3.com went public after amassing millions in investments from companies like Cox Interactive Media. Once it went public, shares cost roughly $68, and it raised more than $370 million in a single day. This seemed like the future of music file sharing, the precursor to streaming as we now know it. But within the next couple of years, Mp3.com would face opposition from the major record […]
