soundcloud / 3 posts found

SoundCloud is saved with a new round of money

by Jason
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No problem.Image: NOAM GALAI/GETTY IMAGES We almost lost another great one. SoundCloud, an online network for sharing and enjoying music, had been crashing. The website was unable to pull in enough money to meet its costs. Last month, the company was forced to lay off 173 employees, which was about 40 percent of its workforce. The move caused an uproar, online. SoundCloud’s future appeared in serious doubt. Chance the Rapper, one of many artists who frequently uses the platform to share his work, tweeted that he was on the case. Just had a very fruitful call with Alex Ljung. @SoundCloud […]

All the best things on the internet are terrible at making money

by Jason
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Image: Shutterstock / Andrey_Popov At some point, the internet became a get-rich-quick scheme. There’s a simple formula to it: Smart people with good ideas receive millions of dollars to build something. If that something generates billions of dollars, it is a success. If it does not, it is a failure. Such “failures” include: Twitter, Soundcloud, Vine, Reddit. At varying times, each of these companies had the hallmarks of “success”millions of engaged users, venture capital money, a good brand. Now, Twitter is limping along, Soundcloud is in a death spiral, Vine is gone, and Reddit is still trying to figure things […]

Can Chance the Rapper save Soundcloud from dying?

by Jason
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Image: juannomore/flickr Good news for amateur rappers and podcasters everywhere: Soundcloud may have just gotten a new lease on lifeand it seems Chance the Rapper may be to thank. The Chicago rapper tweeted Friday afternoon that the popular but broke audio streaming startup is “here to stay” after a “very fruitful call” with CEO and co-founder, Alex Ljung. The reassurance comes after reports earlier this week claimed the company may only have weeks to live. Just had a very fruitful call with Alex Ljung. @SoundCloud is here to stay. Lil Chano From 79th (@chancetherapper) July 14, 2017 Ljung also reiterated […]