November 1998 â Audiogalaxy is created by Michael Merhej. Initially an FTP search engine, the Audiogalaxy Satellite P2P client would reach 1 million downloads in 2001. In May 2002, a suit by the RIAA would force Audiogalaxy to block sharing of illegal songs. In June 2002, Audiogalaxy would settle the suit for an undisclosed amount and make its services opt-in. In September 2002, Audiogalaxy would discontinue P2P services in favor of Rhapsody, a pay streaming service.
Younger workers average $24.74 per week on coffee while workers over 45 spend an average of $14.15 per week, a fairly dramatic difference. People under 35 grew up with Starbucks on every corner and are primed to spend a ridiculous amount on coffee drinks, especially specialty drinks.
Argus maintained its Buy rating on Starbucks and raised its target price to $59 from $54. The firmâs earnings per share (EPS) estimates remain $1.60 for the 2015 fiscal year and $1.88 for the 2016 fiscal year.