Facebook to Launch iTunes Competitor
An extremely reliable anonymous source has informed me about Facebook launching an iTunes competitor within their company. Over the past months Facebook has been searching for a CEO to head up this new subdivision. Facebook has been pursuing agreements with a number of record labels. The target market was supposedly college students but unfortunately details are limited.
One thing is for sure though. If Facbook decides to launch an iTunes competitor the existing music applications on the platform are not going to be happy (unless of course they are granted permission to become a lead generation tool for Facebook).
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