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MP3.com Going Public
cswiii sent us a link to a
quick little news.com article which announces that
MP3.com is going public
some time this year. Wouldn't mind a piece of that pie.
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Suppose I have $10,000 invested in my college education. To complicate matters, let's further suppose that it's not my money (yet!) because daddy is paying the bills. And in addition, I will only be 19 and in college once in my life, and have only one four-year window of opportunity to form lasting friendships with people who will be valuable contacts for the rest of my career. Whereas there will be endless opportunities to earn money later.
Here's one question. Bearing all of the above in mind, is it an intelligent use of my parents' money to barely pass my courses and miss out on the college experience, because I'm spending all my time eking out a few dollars an hour on the Internet gambling (euphemistically known as day trading)?
Here's a couple more questions. If I don't tell my parents about all the time I'm spending playing the stock market from the comfort of my dorm room, am I (remember, they're paying for this joyride) stealing from them? Is it possible to steal from your parents?
How about these questions! Good habits build character. What kind of habits or useful skills would I develop by spending several hours a day scanning stock tickers, spreading takeover rumors in stock chat rooms, and monitoring my account balance at E*Trade? Would a potential employer prefer me to someone who's learned how to complete projects and turn in assigned work on time?
"that it has signed up more than 6,000 artists and independent record labels to sell music over the site."
"sell". Who in hell wants to pay for a mp3. Don't get too excited people.
and they don't even have a business model (aside from a quick ipo). if you are interested in their stock i have a bridge to sell you.
Well my band is on mp3.com and we are doing pretty good with it. We have only been on a week so we haven't sold any cd's yet. But if you look at it, its great for new artists to get started! Feels good to be in the top 5 on the industrial genre :)
natas
http://www.mp3.com/pedophagia
Who in the hell wants to PAY for CD's when you can just copy them from your friends? Apparently millions of people.
Funny thing about money is... no one seems to care whether you graduated from college if you've got a few million bucks in the bank. Money is an excellent replacement for education.
About a year ago, when mp3.com first decided they were afraid of getting sued by their artists, they came out with a really awful contract that basically gave them full rights to your music forever, inlcuding the right to sell CD's of your music without royalties.
A lot of the artists there at the time, including God Ate My Homework (my band, see http://www.futuresights.com/~gamh), didn't like that very much. Some of them left. We tried to negotiate a new contract that had a workable termination clause, and just gave them the essential non-commercial rights they needed. As a result what was before a very friendly relationship between us turned sour.
I think it finally took Dave Touve (the mr2v.com guy) yelling at mp3.com to get them to make a reasonable contract. By now they have a contract that looks to me to be very reasonable. So if you want to put your music on mp3.com today, I wouldn't worry about it.
But anyways, that's the story of why you won't find any GAMH music on mp3.com. We might go back there some day, but we never really needed their help in the first place. Maybe it's better just to leave it alone.
-=Homer=-
and of course, everyone (yep. EVERYONE) playing the stock market right now is going to make "a few million bucks". yep. you heard it here on slashdot, from an anonymous coward.
The attractive thing about mp3.com is the advertising dollars it could potentially rake in. Yes, I said potentially.
Remember, sites like Yahoo! charges nothing for their services, yet they are worth a bazillion dollars due to those little banners.
No matter how you slice it, 200,000 hits per day is impressive.
is the prospectus to see what they are going to do with the proceeds of the IPO. Is it going to be used to expand the business? Is it going to be used to pay down debt? You will even be able to tell from the prospectus how much their executives will be paid.
There will also be historical financial statements. As it's an Internet-based company, expect to see negative earnings and weigh that against alternative investments that actually have earnings.
Man, I could make a damn good living just buying into internet companies when they IPO and selling on the close of the business day.
I agree!
I always thought mp3.com was some script kiddie site from #mp3 on EFnet... (which it is).
Now they're all rich and going public?
eh?
Someone explain that?
I wish those lamers the worst of luck.
hurts sites like mine, too:
EdSeek.com
(had to do it)
In November of 1997, RealNetworks stock debuted on NASDAQ at $19/share. At close of business yesterday, a share of RNWK was worth $94/share.
In November of 1997, The S&P 500 was hovering around 950. At close of business yesterday, it was at 1282.73.
Which would you have rather had in that time frame? =^)
Guess which one I had? =^(
Keep in mind a lot of people said RealNetworks wouldn't make any money, either, since they gave away RealPlayer for free. Obviously they're doing something right.
On the other hand, anyone with a few bucks that could copy MP3.com's business model (and attract bigger name artists) might be able to dethrone Mr. Robertson. Right now, though, everyone in the music business is still afraid of MP3. Time will tell.
No problem with this if you make a lot of cash!
linuxonline.org
And you were right.. Regardless of the stats they post on their website, ICQ popularity is on a sharp decline. They have constantly fudged user signup statistics to make it look popular. A simple sequential scan of their database shows that a significant number of UINs are invalid (sometimes with large gaps where they bumped the number up to reach a certain number-of-users goal). ICQ is the killer app that killed itself.
Is there an open contact-list protocol yet that isn't owned by Microsoft?
linuxonline.org
After reading the artist signup contract, it states that the artist grants mp3.com nonexclusive rights to distribute the songs he provides them.
The artist retains all rights to the music, and the contract may be terminated at any time.
Sounds pretty fair, actually.
-=e
[rs.internic.net]
Registrant:
Michae Robertson (MP16-DOM)
P.O. Box 910091
San Diego, CA 92191
US
Domain Name: MP4.COM
Administrative Contact:
Robertson, Michael (MR121)
michael@FILEZ.COM
619-453-2845
Technical Contact, Zone Contact:
Beck, Josh (JB5285) josh@ZCOMPANY.COM
(619)695-8232
Billing Contact:
Robertson, Michael (MR121)
michael@FILEZ.COM
619-453-2845
Record last updated on 21-Aug-98.
Database last updated on 8-Mar-99 06:51:56 EST.
Domain servers in listed order:
NS1.FILEZ.COM 192.215.175.10
NS2.FILEZ.COM 192.215.175.21
Although he apparently misspelled his own name :)
Can we call the MPEG-4 audio files something else? :)
--
--
=8^
"I want my... I want my.... I want my mp3."
Bitcoin pyramid: Join here: http://www.bitcoinpyramid.com/r/1427 it's FREE!
Not exactly...
They have the right to distribute songs of yours on their CD's, And if YOU choose:
1. Play them on the Radio
2. Make them availiable for individual download
3. Make CD's of yours to sell and the artist gets half.
However there is one really cool clause: The artist can terminate the agreement at any time for any reason with no penalty.
( Such as actually getting signed etc. )
Bitcoin pyramid: Join here: http://www.bitcoinpyramid.com/r/1427 it's FREE!
This is one stock that is destined to be big. mp3.com is going to be a steal at whatever price they start it off at..
Gotta just give a quick recommendation on his stuff... didn't know he was up on MP3.com now, I'll have to go snatch me some MP3s.
> Wouldn't mind a piece of that pie.
Get a broker and you can have a piece of that pie. I think this one will actually be the first where I make sure to buy stock day of IPO and turn it around. I'm tired of hearing about the IPOs afterwards and not making any money off them.
Heh, their site is so ugly, and their cataloging system is *so* bad, they are almost assured of falling flat on their face.
Of course, I said the same thing about mirabilis.
The IETF has formed an Instant Messaging and Presence Protocol working group. Their mailing list archive is at http://lists.fsck.com/cgi-bin/wilma/pip
If a lame website can go from a "script-kiddie mentality" warez/filez/mp3z site to having $11 million in venture capital and the ability to go public in less than 18 months, then surely Armageddon must be upon us. This is so wrong.
Geezus. Sites like that give legitimate projects a bad name.
Thank god for that... I was originally dismayed to see that a finger/talk/ftp/irc client replacement that did not use finger/talk/ftp/irc protocols was becoming popular... now that it's dying a little, I feel better. :-)
You can't do that. You will be taxed heavily for securities that you hold for a small amount of time.
--Ivan, weenie NT4 user, Jon Katz hater: bite me!
--weenie NT4 user: bite me!
"Computers are nothing but a perfect illusion of order" -- Iggy Pop
A "significant number" of UINs are invalid?? I'd say nearly all of them are... Everyone I know that has tried ICQ has since deleted it (but their UIN number is still in the database). ICQ is just another fad that goes away as quickly as it appeared..
Unfortunately, stock price is not based on reality. Amazon.com hasn't even made a profit yet their stock is soaring!! The stock market is sort of like a casino game..
I was thinking how lucky the person who happened to register mp3.com was and out of curiosity I checked to see if mp4.com was available: every 'mp' domain up to mp13.com is taken!! lol!
If you think that it is possible for someone like you to buy an IPO, then think again. The persons who have the opportunity to buy an IPO at the open are BIG HEADS. The price will usually start at something like $9.00/share, and then skyrocket to $50. The average person will end up buying at $35-apex. Also, don't think you are original here buying at the open and selling at the close. There are thousands of day-traders who do this for a living, every day, all day. They know the market inside out, and they pretty much have control of the price since they are the ones spending millions to buy big blocks.
If you do manage to just buy at the open and sell at the close, you still have a chance of NOT making money, since the day traders will hype the stock on the open, you will buy it at around $20.00, and if you don't time it correctly, you will end up selling at a close of $15.00 or so. Look at all the IPOs in the past. It's telltale...with a few exceptions, they all have behaved the same!
I bet that AOL will buy mp3.com before the year is over, they seem to buying everything these days and why not this, i want in on this there is no way to lose
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