This post was originally published at ask.audio
News of an iminent end to music streaming giants, SoundCloud, have been circulating of late. Much of the panic grew after the company let over 40% of its workforce go recently. Just a matter of days later it was reported that SoundCloud would only survive for another 50 days!
According to TechCrunch, Alex Ljung and Eric Wahlforss, the company’s founders admitted the downsizing and job losses had only saved enough money to last “until Q4.” As you can imagine stories came out thick and fast about the imminent demise of the music streaming giant.
Author : Rounik Sethi