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ZapTuning Your Money Into Thin Air?

SAN FRANCISCO (Hypebot) – ZapTunes, the despised music service, is being reborn as a social network. They're no longer offering free music downloads.

This announcement is at odds with their previous press release that claimed they would be back "stronger, cheaper, and unlimited forever." It seems as if this effort has failed, which may hurt their credibility, what little they had.

The company asked users for $25 a month for "unlimited music downloads." They even claimed that users could legally download the Beatles long before Apple gained such rights. In the next few days, we'll get to see them recreate Ping. Don't be surprised if ZapTunes asks for your credit card information before letting you chat in real-time with your friends in their newly created Artist Hubs.

Don't be surprised either if the company disappears with all of your money.