Apple is shutting down Lala.com on May 31st. Lala was acquired by Apple on December 2009. Lala was a startup company that was about 4 years old when they were acquired.
The company allowed users to listen to over 7 million songs for free as a stream over the web. While it is unknown why Apple is shutting down Lala.com, it might be safe to assume that Apple is devoting resources on different plans for the technology. [MacRumors]