Monday, January 3, 2005

Napster Begins Trading On Nasdaq

Los Angeles-based Napster, formerly Roxio, announced this morning that its stock has begun trading on the Nasdaq under the new symbol NAPS. The digital music company recently divested its consumer software business to Sonic Solutions and switched its entire business plan to selling online music using the Napster brand name. The company had purchased the brand after the defunct file swapping service was forced out of business, and has created a new legal paid song downloading service based on the brand name.