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August 10, 2017 05:11 pm GMT
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’sasking 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
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BEwG0lldNTg/
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’sasking 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 MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/BEwG0lldNTg/
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