This post was originally published at music3point0.com
Everyone knew that SoundCloud was deep in financial trouble and that trouble would come to a head sometime this year. It looks like that time is finally here as the company closed both its San Francisco and London offices yesterday. While 173 people lost their jobs as a result, it’s the people that depend on the company to display their wares that are frightened of what might happen in the future.
For many indie musicians, SoundCloud is their outlet for getting their music online and they would be hard hit should the company cease operations.