SoundCloud May Only Have Enough Funds To Last Until Q4

SoundCloud May Only Have Enough Funds To Last Until Q4

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Hailey Triay
posted by at Jul 13, 2017 at 2:09 pm
editor at hubwav

Last week 40 percent of SoundCloud’s staff was laid off. Their was little information given to the laid off staff about why the sudden termination happened. Founders Alex Ljung and Eric Wahlforss confessed that their streaming platform only has enough money till last till the fourth quarter of 2017. According to TechCrunch the news is true and that the company only have enough money to sustain themselves till the end of 2017. This unfortunate event starts in the next 50 days according to TechCrunch. The streaming service is in talks with investors, so hopefully SoundCloud can survive!

Photograph via Computer Business Review