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)
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...