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Why is it that when a social music site gets purchased for a gazillion dollars, I’m inconveniently never on the board of directors and thus not in line for a giant island-purchase-inducing payday?

I am intensely jealous of Last.fm, one of my fave social music sites, now that they’ve announced their acquisition by media giant CBS. Yes, that CBS.

Seems the Last.fm team will get to stay in London and will continue to make fun (essential) social music tools for us, but now with the added reach and resources that CBS can offer them. Not to mention an excellent dental plan.

Of course, when a deal like this goes down, the question on everyone’s mind is: how are they gonna eff things up? I mean, you don’t get a whole lot of work done rolling around in giant piles of U.S. currency - and that option is doubtless open to them now.

Please don’t go the way of MySpace, Last.fm friends - people are fleeing there like it’s got the plague and for good reason: it’s all slow and full of widgets and embeds and crap that auto-plays when you hit the page and makes you poop yourself in fright because you didn’t realize you had your damn headphones up so loud.

So yeah, the last thing we need is for you guys to lose focus, get all high on your own supply and make things less about cool music tools than about how you can monetize them. You’ve got enough of the latter and we want more of the former, got it? Oh and if you can spare a brother some cash, that would be awesome too (I’ll accept personal cheques as well) (Just sayin’).

Posted on Wednesday, May 30th, 2007 at 5:56 pm by Justin and is filed under Music & Videos.

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