Facebook stock fell to the $28 range on Tuesday, and fallout from the less than stellar IPO appears to be rippling through music tech, as well. VEVO is apparently dialing back it's IPO ambitions; and Spotify has yet to close on its latest major funding round. Pandora stock also retreated into the $10 range, erasing recent gains.
- WMG is actively seeking a replacement for caretaker CEO Stephen Cooper according the NY Post. The fate of senior exec Lyor Cohen is unclear. He's reportedly working without an new contract.
- Twitter Signs Up Pepsi for Big Music Promotion (Media Memo)
MORE:
- Megaupload Wins Crucial Evidence Disclosure Battle With US Govt. (TorrentFreak)
- Samsung Music Hub Takes on Just About Everyone (NYT)
- Google wins YouTube copyright battle in French court. (CNet) German and U.S. courts say YouTube is responsible for pirated material, but a French court backs Google.
- Why Social Networks Need Musicians (WSJ)
- Rocker Fort Atlantic Releases New Album on Nintendo Cartridges (Wired)
- How Berklee College became a mecca for modern music (Guardian)
- Concert source Jambase has launched a Facebook app.
- Music content specialist LoveLive makes senior hires (Televisual)
- R.I.P. Doc Watson
