People can’t really be blamed for losing their shit. All the click-bait articles were not helping. But seriously, everything is fine.
But the “death” of the MP3 is really not much of a death at all. The files will not spontaneously combust. You’ll still be able to buy and use MP3s. They will not suddenly stop playing.
All this really does is move the classification of MP3 from being recognized as a file format of the moment to being a file format of the past.
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