Embattled SoundCloud gets $170 million lifeline, new CEO

Ars Technica
By Timothy B. LeeAug 11, 2017, 3:27 pm181 pts
Enlarge / Alexander Ljung, co-founder of SoundCloud, will step aside as CEO. (credit: David Paul Morris/Bloomberg via Getty Images) The struggling audio-hosting startup SoundCloud has secured a financial lifeline, with two investors putting up almost $170 million to help the company stay afloat, according to…

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