The Price to Buy-Out SoundCloud Drops Dramatically

If it fails to recover, where will people listen to your mixtapes then?

Music
6,145 Hypes 0 Comments

For fans of SoundCloud, it’s no new news that the app has been struggling to cope with its financial difficulties. The company which was last valued at $700 million in 2014 has unfortunately seen a decline in recent years — rumored deals with both Spotify and Google who shared interests in acquiring the platform fell through, and the not-so-popular subscription model hasn’t been generating the expected revenue they were hoping for. At this point, the company is looking to raise $100 million to keep things going with new investors and strategic partners, however if they don’t, the company may have to sell for around $250 million simply to cover investments to date.

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