SoundCloud could be forced to close after $44m losses
SoundCloud has been the industry standard for sharing original music and mixes. Amongst DJs, this would force everyone to switch to alternate sites like mixcloud or dnbshare.
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.”
Full Article from Factmag
