SoundCloud ‘is fully funded into the fourth quarter’
Posted on: 14 juillet 2017, by : Stuart Dredge

After a report on TechCrunch based on leaks from an internal meeting raised new doubts about SoundCloud’s financial sustainability, the streaming service has responded.
But its statement pretty much confirms the claim in the original piece that the company’s current funding does not stretch beyond the final quarter of this year.
“To clarify, SoundCloud is fully funded into the fourth quarter. We continue to be confident the changes made last week put us on our path to profitability and ensure SoundCloud’s long-term viability,” a spokesperson told Hypebot, while also criticising (but not actually rebutting) “the extensive number of inaccuracies” in the TechCrunch report.
The post SoundCloud ‘is fully funded into the fourth quarter’ appeared first on Music Ally.
Source: Music ally

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