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RE: How the iTunes Store Revolutionized the Music Industry - Book Club #17: "Steve Jobs"
you need to be careful when sharing media files through iTunes. Trying to circumvent copyright protection not only makes it harder for musicians and other creators to make a reasonable living from their work, but it can also land you in legal trouble for violation of copyright law.
That being said, there are files that can be shared, and a number of iTunes applications that can help you share playlists with like-minded listeners.