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Music hosting biz SoundCloud, having just axed 40 per cent of its staff, is now trying to ward off rumors that it will go broke in less than two months.
The song-sharing service was rumored to be in crisis mode and had to shut its doors, with just 50 days of funding left before it ran out of cash. A spokesperson insisted Thursday, however, that this is not the case, and that following last week's layoffs, SoundCloud is going to be able to turn a profit soon.
[...] This comes as SoundCloud struggles to get its advertising and subscription revenues up high enough to push the music-sharing service into the black. Since 2008, the company has relied on VC funding to stay afloat and, after nine years, is still trying to turn a profit.
https://www.theregister.co.uk/2017/07/13/soundcloud_insists_not_dying/
Previously:
SoundCloud is Cutting Nearly 40 Percent of its Staff
(Score: 0) by Anonymous Coward on Sunday July 16 2017, @08:11AM (1 child)
I hope they go die.
After taking down a parody without review and without a way to retrieve the original upload, claiming to be copyright of the original song and having no easy way of communicating or making an appeal they can get fucked.
I never used it ever since.
Most of the content there is over compressed cut down 'demo' versions of tracks anyway that are only 30 seconds long.
mixcloud.com is better.
(Score: 0) by fakefuck39 on Sunday July 16 2017, @01:25PM
Alright... Maybe I'm the one not getting this, since both you and the article are saying the same thing. I'm going to assume you and the article writer are complete fucking morons though instead, since that's easier. Now I'm going to diss you and maybe you can calmly set me straight about a site/product I've never used and know little about.
What the fuck to do mean "without a way to retrieve the original upload?" Do you know what the fuck an upload is? Let me guess, when you send an email with an attachment to someone, and you later want to look at that file again, you ask them to email it back? Fucking retard.