The Sun Might Be Setting On SoundCloud

The end may be nigh for music-streaming service SoundCloud.

Following persistent cash struggles and rumors that the service could be close to folding, it emerged a couple weeks ago that Soundcloud was set to secure new funding from two private equity firms. These subsequently turned out to be the Raine Group and Singapore’s Temasek.

Now, in a true "do or die" moment, SoundCloud’s existing shareholders have to accept a major reorganization or watch the company sink. According to a memo...

#social

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

SoundCloud [+]    Soundcloud [+]    Raine Group and Singapore [+]    Temasek [+]   

More #news: