The popular online music streaming service, Grooveshark is shutting down.
The company has announced the news in a statement posted on its homepage.
Grooveshark was founded by Samuel Tarantino and Joshua Greenberg, and the service made its debut eight years ago, in 2007. Initially launched as a premium music download service, it soon offered a flash based web music player, which rose to fame with millions of users.
It began to let users upload music content to its website, and this included copyrighted content from major artists and studios, in a P2P (peer to peer) distribution service.
However things soon turned grim, and it was slapped with [...]