They still pretty much same. I don't get any audio ads, some ads in my stream, but never seem to be playing. Premium offering is stuck somewhere in 2009 when offline playback was a thing. Lack of integrations with Homepod & Tesla is somewhat becoming a problem. Still no way to filter your stream or get know what bitrate you are streaming.

(I studied with one of the founders)

Soundclouds problem was always that they started out as basically a free service for a particular niche(artist to label contacts), starting to charge(pissing off people who expected free forever) and then moving out of the niche made it so they never really had a footing for something people would pay for.

The problem with so many "internet unicorns" from the 2000-2010 era is that they handwaved per-customer costs as hardware/network costs and assumed that as long as they scaled then salaries would be a minor part, we as an industry are now trying to dig ourselves out of that hole with a even shittier AD experiences just as that AD market is crashing down.

free money for VC via low interest rates was a terrible strategy for creating innovation that would last.

yes, I was very hopeful for sc: such a waste.