updated 10:55 pm EST, Thu February 24, 2011
Subject of new work still unclear
Lala founder Bill Nguyen has reportedly stepped down from his position at Apple to pursue other endeavors. Details surrounding Nguyen's latest project remain unknown, though Business Insider cites an e-mail that claims the work will "impact culture and notions of social spheres." The entrepreneur is also said to have purchased the domain name color.com for $350,000 late last year.
After founding the music streaming service, Nguyen temporarily joined Apple when Lala was purchased by the latter company. It is unclear how long he spent at Apple before departing back into the world of startups, though a separate report from CNET suggests one of the founders left last August.
Nguyen is expected to make an official announcement sometime in March.