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Great primer on why turntable.fm is “legal”, what the constraints are on playing music/artists, and this incredible growth stat:

“Turntable.fm currently has more than 371,000 monthly active users, up from about 50,000 a month ago, according to AppData, which tracks traffic at Facebook applications. The site’s swift rise has created a modest media frenzy. Co-founders Goldstein and Chasen have responded to the attention — and enhanced the site’s mystique — with near-complete media silence, opting instead to wait until the site is out of private beta, Chasen told Billboard in an email. Goldstein recently surfaced just long enough to deny a report that the company had closed a $7.5 million round of funding that would have valued the company at $37.5 million.”

Link (via Billboard.bz, July 15, 2011): Inside Turntable.fm: Social Networking Meets Internet Radio

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