The service actually started out as a way for users to swap CDs but later made the jump to streaming tracks instead. This streaming technology is what made it a red hot acquisition target for Apple, which bought the company last December. Just six months after that, Apple decided to shut it down, offering users who had purchased tracks through Lala credit to iTunes.
Since the acquisition, and even leading up to the closure of the site, there was much speculation about what, exactly Apple intended to do with the technology. Included at the very top of the list is a subscription-based, streaming-focused version of iTunes, which had been churning in the rumor mill long before Lala came into Apple's radar.
December 15, 2010 4:00 AM PST
Photo by: CNET
| Caption by: Josh Lowensohn
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