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Lounge => General Discussion => Topic started by: yummy on February 12, 2016, 07:58:11 PM

Title: Soundcloud might shut down after $44 million in losses
Post by: yummy on February 12, 2016, 07:58:11 PM
(http://factmag-images.s3.amazonaws.com/wp-content/uploads/2016/02/soundcloud-110216.jpg)

The report makes it clear that while the company had ?adequate resources to continue in operational existence for the forseeable future,? SoundCloud was heavily reliant on ?further capital investment? to continue operating in 2015.

According to the Financial Times, SoundCloud auditor KPMG said in the report that the need for more investment represented ?a material uncertainty which may cast significant doubt on the company?s ability to continue as a going concern.?

SoundCloud raised $77m in investment in 2015 and is believed to have given UMG an equity stake in its recent licensing deal, but unless its long-promised subscription service is a financial success, the company could be forced to find new revenue streams to stay afloat.

In a statement given to FACT, SoundCloud said that the figures ?reflect those of a company in a strong growth stage,? which still has ?over 18 million creators are using the platform, sharing well over 110 million tracks, and reaching 175 million monthly active listeners.?

oh no :stressed:  :uhh:
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: RekeRig on February 12, 2016, 08:00:46 PM
Wtf

:uhh:

I guess people use Audiomack and mess but this is awful
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: death on February 12, 2016, 08:02:04 PM
oh noo =((

i LIVE on thea on wednesday aftanoons durin my spa days
wtf dude
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Herb. on February 12, 2016, 08:04:36 PM
Quote from: Blues trans clue on February 12, 2016, 08:02:04 PM
oh noo =((

i LIVE on thea on wednesday aftanoons durin my spa days
wtf dude
!!!!

I use SC on all international flights

In first class... I'm so upset
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Herb. on February 12, 2016, 08:04:50 PM
And rich :wellheythere:
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: FAMÈ on February 12, 2016, 08:07:57 PM
:uhh: what are we suppose to use
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: asdfghjkl on February 12, 2016, 08:08:29 PM
poor tinashe
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: death on February 12, 2016, 08:09:23 PM
Quote from: Herbie on February 12, 2016, 08:04:50 PM
And rich :wellheythere:
wtf am i gonna do durin my hawaii get 'way (https://uploadir.com/u/ilcqsmih)
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: asdfghjkl on February 12, 2016, 08:10:31 PM
no shade but why and what the hell yall use soundcloud for :uhh:
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Herb. on February 12, 2016, 08:11:56 PM
Quote from: Blues trans clue on February 12, 2016, 08:09:23 PM
Quote from: Herbie on February 12, 2016, 08:04:50 PM
And rich :wellheythere:
wtf am i gonna do durin my hawaii get 'way (https://uploadir.com/u/ilcqsmih)
nknklmp,
,
l
K
,.

Wat am I gonna do on my random trips to Rio de Janeiro? :stressed:
Or my impromptu midnight uhelicopter rides overlooking the city  :uhh:  :'(
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Herb. on February 12, 2016, 08:12:06 PM
Top that faggot
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: yummy on February 12, 2016, 08:12:45 PM
Quote from: Manny on February 12, 2016, 08:10:31 PM
no shade but why and what the hell yall use soundcloud for :uhh:

A lot of independent artists have albums/mixtapes on there and I find a lot of cute remixes/radio mixes on there.
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: death on February 12, 2016, 08:13:43 PM
Quote from: ANIMMAI on February 12, 2016, 08:12:45 PM
Quote from: Manny on February 12, 2016, 08:10:31 PM
no shade but why and what the hell yall use soundcloud for :uhh:

A lot of independent artists have albums/mixtapes on there and I find a lot of cute remixes/radio mixes on there.
!!!
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: death on February 12, 2016, 08:14:04 PM
i find alotta music on there daily

it keep me hip!
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Zankou. on February 12, 2016, 08:16:11 PM
Quote from: Herbie on February 12, 2016, 08:12:06 PM
Top that faggot


DDHDHXHCCHCHCHXYSYS
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: FRANCE on February 12, 2016, 08:16:12 PM
Yea, lots of music and also, they have some podcasts that I tune in to like The Read and Neck of the Woods.
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: LOONA. on February 12, 2016, 08:16:50 PM
No fckn ma'am

Where am I gonna find new music now? :uhh: 
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: tigernathan on February 12, 2016, 08:17:54 PM
This is terr' news
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Aamerie. on February 12, 2016, 08:33:08 PM
Quote from: ANIMMAI on February 12, 2016, 08:12:45 PM
Quote from: Manny on February 12, 2016, 08:10:31 PM
no shade but why and what the hell yall use soundcloud for :uhh:

A lot of independent artists have albums/mixtapes on there and I find a lot of cute remixes/radio mixes on there.

okk
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: death on February 12, 2016, 08:38:13 PM
Quote from: Saturn. on February 12, 2016, 08:16:11 PM
Quote from: Herbie on February 12, 2016, 08:12:06 PM
Top that faggot


DDHDHXHCCHCHCHXYSYS
vvvvvvvvvvvvvvvvvvvvvvvvvvvvvd
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Stunna Gor’ on February 12, 2016, 08:40:49 PM
Quote from: FAM? on February 12, 2016, 08:07:57 PM
:uhh: what are we suppose to use
!!!!!!!!!!!!!!!!!!!!  :uhh:
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: GLOCK on February 12, 2016, 08:41:17 PM
Wtf :uhh:
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Stunna Gor’ on February 12, 2016, 08:42:10 PM
Quote from: Blues trans clue on February 12, 2016, 08:13:43 PM
Quote from: ANIMMAI on February 12, 2016, 08:12:45 PM
Quote from: Manny on February 12, 2016, 08:10:31 PM
no shade but why and what the hell yall use soundcloud for :uhh:

A lot of independent artists have albums/mixtapes on there and I find a lot of cute remixes/radio mixes on there.
!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SoundGOD is how most of us discover new music/artists. And also cute dj mixes. Im not here for this.

:holdupguys: :holdupguys: :holdupguys: :holdupguys:

Title: Re: Soundcloud might shut down after $44 million in losses
Post by: BAPHOMET. on February 12, 2016, 08:47:13 PM
 I cant remember the last time I used Soundcloud.

:udontlookok:
Title: Re: Soundcloud might shut down after $44 million in losses
Post by: Cuban0 on February 12, 2016, 09:26:23 PM
Quote from: RIG on February 12, 2016, 08:00:46 PM
Wtf

:uhh:

I guess people use Audiomack and mess but this is awful