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Soundcloud only has enough money to last for approximately 50 days

Posted on 7/13/17 at 2:16 pm
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422436 posts
Posted on 7/13/17 at 2:16 pm
RIP, you old soul

quote:

SoundCloud remains in dire straits. Yesterday (July 12), it was revealed the streaming platform only has enough funding to last until the fourth quarter of 2017.

The folks at TechCrunch report the startup addressed last week’s layoffs—which slashed 40 percent of SoundCloud’s staff—during a “tense” meeting with its employees and former employees yesterday. Apparently, those who were laid off wanted explanations for why they were given no warning before they were cut, and the remaining staff wanted to be reassured the staff cuts would preserve their jobs for the long term.

Unfortunately, neither group really got the answers they wanted. SoundCloud founders Alex Ljung and Eric Wahlforss revealed that despite their intentions, their platform only have enough funds to last until this year’s fourth quarter, which, according to TechCrunch, begins in 50 days. The streaming service’s PR confirmed to TechCrunch that SoundCloud does, indeed, only have funding into the fourth quarter of this year, but they are talking to investors.


well that $100 to use Soundcloud to host my podcast was wasted money
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 7/13/17 at 2:26 pm to
That would be a shame if they can't figure out how to turn it around. Great service. The internet will be less without it....until something better comes along.
Posted by Fonzarelli
Dallas
Member since Jan 2015
3972 posts
Posted on 7/13/17 at 2:27 pm to
I wonder what that means for the podcast industry
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 7/13/17 at 2:30 pm to
quote:

I wonder what that means for the podcast industry


The one's worth a damn will figure out how to self host. It's really not that hard.

ETA: Or go to squarespace, etc.
This post was edited on 7/13/17 at 2:30 pm
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422436 posts
Posted on 7/13/17 at 2:49 pm to
i think most are posted across multiple sites, like itunes, google play, etc
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 7/13/17 at 3:11 pm to
quote:

i think most are posted across multiple sites, like itunes, google play, etc


Yeah, but iTunes and Google Play just index the podcasts, they don't host.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422436 posts
Posted on 7/13/17 at 3:56 pm to
true true

libsyn is about to print some money
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63313 posts
Posted on 7/13/17 at 10:36 pm to
Sucks. i have all my individual and band recordings on there. I was also considering using it to host a future podcast.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422436 posts
Posted on 7/14/17 at 4:44 pm to
Posted by Fus0623
Lafayette, LA
Member since Jan 2015
88765 posts
Posted on 7/14/17 at 11:06 pm to
Chance trying to save Chicago schools and now SoundCloud? Meanwhile Jay Z is on a sinking ship with Tidal and admitted to cheated on wife.


What a time to be alive lol
This post was edited on 7/14/17 at 11:07 pm
Posted by mr brightside
Fred's
Member since Jun 2017
456 posts
Posted on 7/15/17 at 1:12 am to
Chance is GOAT
Posted by Huck Finn
Baton Rouge
Member since Jul 2009
2456 posts
Posted on 7/16/17 at 9:37 am to
That's a shame!
I feel like their compressed recording quality is really good.
And their app does some of the cleanest recordings with a simple phone mic.
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