00:00 Apple acquired SoundJam, which later became iTunes, in 2000.

05:59 SoundJam was a popular mp3 player for Mac users before it became iTunes, and it had features like skins and a visualizer.

11:48 SoundJam, the predecessor to iTunes, was created by a team of developers who needed a way to manage and play mp3 files on Mac computers, and they partnered with a publisher to distribute the software.

17:50 Apple pioneered the brushed metal UI look with QuickTime 4.0 and SoundJam adopted it, popularizing it to the world, and this was also the first application to include a visualizer for digital music.

24:09 Apple reached out to both SoundJam and Audion, but while they were successful in meeting with SoundJam, Audion and Panic didn't realize that Apple wanted to buy them and included AOL in the meeting because they were separately negotiating with them.

29:50 Apple acquires SoundJam during mid-2000 and turns it into iTunes, which is launched at Macworld in January 2001, much to the surprise of the Panic guys who had no idea what was going on.

35:35 Apple CEO Steve Jobs meets with the Panic guys and offers to acquire their software, Audion, but tells them they have no chance of success, leading them to turn down the offer and remain independent.

41:17 Apple's acquisition of SoundJam was primarily a people acquisition, as they wanted to acquire the expertise of the SoundJam team who had extensive knowledge of mp3 software and music software for the Mac operating system.

47:22 The shift from ownership to subscription in various aspects of life, such as music and transportation, has led to a decline in opportunities for individual expression and the need for new signifiers of identity.

53:19 The theme of companies acquiring former employees is not as common as expected, with the exception of Steve Jobs, and big tech companies tend to buy companies started by people from their rivals, such as Facebook buying Instagram and Apple DNA being integrated into Google, Facebook, and Amazon. Additionally, the concept of a rising tide lifting all ships can sometimes benefit smaller companies, but in the case of Audion and iTunes, iTunes was too full-featured, free, and bundled into the platform, making it difficult for Audion to compete. This raises the question of whether Steve Jobs' focus on individual apps and his overall vision contributed to Apple's success.

58:49 Steve Jobs' passion for music and ability to create a deep, full-featured product that resonated with the mass market contributed to the success of iTunes, highlighting the importance of making something people want and aligning with technology trends.

01:04:41 The acquisition of SoundJam by Apple allowed them to create iTunes and ultimately paved the way for the success of the iPhone and Apple's digital music revolution.

01:10:29 Facebook has partnered with Major League Baseball to stream 20 live games on their platform, using their own infrastructure rather than Bam Tech's, highlighting the horizontal vs. vertical problem and MLB's focus on their core business.

01:16:01 The hosts wrap up the episode and thank listeners for joining them.