I remember Last.fm's value proposition was 1) discovery and 2) community. (1) is (mostly, for most people) covered by "feed" algorithms of Spotify and YouTube.

I wonder how they're going to position themselves now.

As someone who used to hang out on various music forums...a human recommendation based on careful analysis of your last.fm scrobbles was infinitely more useful and accurate than anything Pandora/YouTube/Spotify/Tidal ever recommended me. Humans can infer not just what you like, but what you don't like.

To me, it always was the scrobbler. I've been tracking what I listen to for 15+ years.

Community largely died out already by 2012. Originally Last.fm enabled a lot of IRL socializing, connecting hipsters who lived in the same town and listened to the same music. Changes in music-listening habits, the atomization of tastes in a world where so much was available, and CBS not having a clue what to do with the site -- that killed Last.fm except for just a way to track one's own plays.

a recommendation algorithm that isn't a box of pain they sell to advertisers?