SoundCloud closes critical new funding round, Vimeo’s Kerry Trainor steps in as CEO

VentureBeat
By ReutersAug 11, 2017, 8:23 pm244 pts
(Reuters) — SoundCloud, the world’s most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year. The company, which laid off 40 percent of its staff in July, said in a…

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