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August 10th, 2017

SoundCloud’s Investors In Talks Of Terminating The Company

Breon

SoundCloud
The popular music streaming app might have seen it’s last days.

SoundCloud has been hitting rock after rock this summer. While the popular streaming service has been a top app for artists and music lovers, their days, well hours are now being numbered.

Recently in July, the streaming service had to lay off as many as 173 employees due to budget cuts. Earlier, it was announced that the music service’s existing investors may terminate the company in 24 hours. The say to keep the company or not will occur tomorrow (Friday, August 11). One of SoundCloud’s co-founder’s Alex Ljung has said that if the investors vote no, the company will not have enough money to survive.

While after its July budget cut, Chance the Rapper stood up and helped the company to get back up. While SoundCloud has brought in millions, will the investors agree to keep the successful service?

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