SoundCloud faces do-or-die vote by investors

 SoundCloud will soon collapse if investors don’t vote for a rescue funding round tomorrow. The stumbling music streaming community site had to suddenly lay off 40% of its staff last month. Now it’s asking investors for $169.5 million at a pre-money enterprise valuation of just $150 million. That’s a steep drop from the $700 million valuation of its previous rounds. Read More

from Social – TechCrunch https://techcrunch.com/2017/08/10/soundcloud-shut-down-possible/?ncid=rss
via Superb Summers

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