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SoundCloud’s CEO Officially Out in Approved Bail Out Plan

If you’ve been keeping up with SoundCloud lately, you know there have been some struggles. After laying off nearly 40% of their staff earlier this summer, the steaming service has been scrambling for ways to let the music live. With private equity firms, Raine Group & Temasek agreeing to fund a life line deal of

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SoundCloud Disputes Claim That It Can Only Survive 50 More Days

Earlier this morning, Techcrunch reported that SoundCloud only had at most 50 days until it would go entirely bankrupt. This report came after news of the company downsizing by 40%. SoundCloud management have since reported the claim as inaccurate and provided their response below. “There are a number of inaccuracies within the TechCrunch article. They

The post SoundCloud Disputes Claim That It Can Only Survive 50 More Days appeared first on EDM Sauce.

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