Wednesday, August 06, 2008

There's no money in torrents

Sometimes, there's room for schadenfreude for the music industry: BitTorrent Inc is having financial difficulties and is having to lay off twelve of its 55 staff. It's plan for profit - an online shop stuck on the torrent backend - turned out to have a fatal flaw, in that people who use bittorrent tend to not be used to paying for the service.


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