Twitter’s $70 million SoundCloud investment is officially wiped out

Re/code
By Peter KafkaFeb 24, 2018, 12:49 pm299 pts
Jack Dorsey invested in the music streaming service in 2016; last year he wrote off the deal. One more reminder that digital music remains a very, very difficult place to make money: Twitter has written off a $70 million investment it made in SoundCloud, the music streaming service. Twitter put the money into…

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