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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

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    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.”

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