1. We've launched a new merch store featuring the Chorus.fm and classic AbsolutePunk.net logo on a variety of t-shirts, hoodies, and other items. Check it out now on at Threadless.
    Dismiss Notice

SoundCloud Lost $70m in Two Years

Discussion in 'Article Discussion' started by Melody Bot, Mar 2, 2016.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Cyrus Farivar, writing for Ars Technica, looks at the losses that are apparently piling up for SoundCloud.

    New financial records released by SoundCloud show that the company has nearly doubled its losses from 2013 to 2014—those two years combined account for a total of €62.1 million ($70.3 million) in losses. […] With mounting losses, the company’s board of directors wrote that there are “material uncertainties facing the business.”

    The post SoundCloud Lost $70m in Two Years appeared first on chorus.fm.

    The full article can be found on chorus.fm