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Re:SoundCloud cuts jobs, closes SF and London offices by raesene6 on Thursday July 06, 2017 @01:01PM (#14711868)
As soundcloud are a UK registered company you can actually see all their accounts/filings here https://beta.companieshouse.gov.uk/company/06343600/filing-h...

looking at their accounts to Dec 2015 (latest available), they don't make great reading. The balance sheet value went from £8m to -£34m in one year...

Re:SoundCloud cuts jobs, closes SF and London offices by komodo on Thursday July 06, 2017 @01:09PM (#14711945)
I wonder what their terms were when they signed up with the labels to be yet another Spotify clone. If it was any sort of upfront payment that would hit them hard since I don't think they have many subscribers to their SoundCloud plus (or whatever it's called)