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posted by
takyon
on Saturday August 12 2017, @11:15PM
from the Netcraft-unavailable-for-comment dept.
from the Netcraft-unavailable-for-comment dept.
According to Techcrunch, Soundcloud has secured the emergency funding which will allow the service to survive:
SoundCloud has just closed the necessary funding round to keep the struggling music service afloat. CEO Alex Ljung will step aside though remain chairman as former Vimeo CEO Kerry Trainor replaces him. Mike Weissman will become COO as SoundCloud co-founder and CTO Eric Wahlforss stays as chief product officer.
Further coverage at Ars Technica and BBC News.
Soundcloud's layoff of 40% of staff and the subsequent rumours of a collapse have been covered here before.
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(Score: 2) by kaszz on Saturday August 12 2017, @11:44PM (2 children)
It's not problem that it's not dead yet - we just wait a bit longer. All the while we backup it all ;-)
In the meantime all employees can show off how cool job they have, while they still have it :P
Has it been SJW, diversity, irrelevant projects, MBA doomed yet? ;)
(Score: 0) by Anonymous Coward on Sunday August 13 2017, @01:23AM (1 child)
Why? It's shit!
Founded in Stockholm, headquartered in Berlin. Safe to say they're left of centre and doomed to failure.
(Score: 2) by kaszz on Sunday August 13 2017, @02:22AM
Stockholm has that bad reputation? ;-)
Q: How does Stockholm people drill a hole in the wall on the cheap?
A: Yelling to the night street, "pale virgin on the other side" :P