Just a few years ago, a massive scandal rocked the FM radio world when internal memos from Sony Music showed that the major record labels routinely bought “spins” for their artists. Earbits, a new YCombinator-funded music startup, is now bringing a more sophisticated version of this system to the web. Over 1,300 bands have already signed up for the service that will ask bands to pay to get their music to the ears of Earbits’ users.
It’s not quite Reddit, which now sees 1 billion pageviews per month, but YCombinator’s Hacker News just announced that it now serves 1 million pages per day. Hacker News, which is a social news site that specializes in news stories related to technology startups, was founded by YCombinator founder Paul Graham in February 2007 and has quickly become on of the go-to sites for anybody who is interested in the world of tech startups.