Social app Musical.ly to shut down after merger with TikTok

Social music app Musical.ly is being shut down by its owner Beijing Bytedance Technology Co, which plans to merge the app’s community with one of its other apps, TikTok. Bytedance bought Musical.ly for more than $800m in November 2017, after the latter app had grown to more than 100 million users – mostly in the west. […]

Music-discovery app Cymbal to shut down in June

There’s another once-promising music startup heading for the deadpool, and this one’s a shame, because when it first emerged, Cymbal was one of our favourite music-discovery apps. The app was a way to search for songs and see what ‘likeminded’ people were listening to, but like its closest equivalent Soundwave (later bought by Spotify in […]

Classical streaming service Grammofy returns – using Spotify

Grammofy was a classical music-focused subscription-streaming service that launched in May 2016 in the UK and Germany, but then shut down in November 2017. At the time, the company said that despite “continued growth and vigorous efforts” it hadn’t been able to “build the necessary mid-term financial solidity to fund the man-hours needed to continue […]

Report claims 46% of ICOs from 2017 are already defunct

Fears that the mania for blockchain startups and initial coin offerings (ICOs) are a bubble will hardly be assuaged by a new report published by news site Bitcoin.com. “Tokendata, one of the more comprehensive ICO trackers, lists 902 crowdsales which took place last year,” it explained. “Of these, 142 failed at the funding stage and […]

Smart headphones startup Doppler Labs is shutting down

US firm Doppler Labs has raised more than $51m since 2013 to make its range of smart headphones, telling media in 2015 that “we want to put a computer, speaker, and mic in everyone’s ear: We have very lofty visions of the future, everything from real-time translation to personal assistants.” Yet those lofty visions are […]

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