Trouble for Snocap

Snocap - the digital music service most commonly associated with MySpace - has hit hard times in the month of October. Founded by Napster creator Shawn Fanning, the company recently laid off 60% of its staff and could soon be going up for sale. With digital music sales thriving, startups have been popping up left and right with unique and not-so-unique approaches. Snocap gave any artist the opportunity to sell their music digitally, generating 175,000 registered consumers, as well as roughly 80,000 artists.