Headline Details

Cash-strapped SoundCloud receives new funding; CEO to step aside

Published on: Fri, 11 Aug 2017 16:32:01 UTC
News Agency: Reuters
Description:
FRANKFURT (Reuters) - SoundCloud has received a "substantial" new round of investment, the company said on Friday, insulating the popular online music streaming service from potentially running out of cash later this year, after laying off 40 percent of its staff in July.

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