|Title||Soundcloud is Not Dead Yet|
|Date||Saturday August 12, @11:15PM|
|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.
printed from SoylentNews, Soundcloud is Not Dead Yet on 2017-08-21 00:54:36