SoundCloud is in trouble

The audio streaming service has revealed that it is facing serious financial difficulties.

By - February 12, 2016 Share on LinkedIn
Soundcloud

SoundCloud has released new financial reports which show that its losses have doubled between 2013 and 2014.

Combined losses over the two years amounted to €62.1 million (R1.1 billion).

Ars Technica reported that the Berlin-based audio streaming service and social network has struggled to turn its massive user base into a revenue stream.

Despite being popular among independent producers and DJs around the world, as a “freemium” service most people use the site without paying.

In light of continuing losses and an average revenue per user of 11.2 US cents, the company’s board of directors wrote that there are “material uncertainties facing the business”.

Vodacom and MTN raise prices by 400% for Autopage customers – Autopage responds

Kids are saying goodbye to Facebook and Twitter

Netflix War draws first blood: Vidi is dead

The real reason why SAA is in trouble

Share your thoughts

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

What is your primary source of Internet connectivity at home?

View Results

Loading ... Loading ...

More News

Incredible Connection launches embedded warranties

Incredible Connection

Incredible Connection has launched free embedded warranties across selected products, giving consumers “the most comprehensive cover available in South Africa”.

Invisible reCaptcha in the works at Google

no-captcha-recaptcha

Google is building a reCaptcha bot-detection system that doesn’t require user interaction.

Better video quality for Netflix downloads

Netflix logo on screen

Netflix recently unveiled two new types of mobile encodes, which offer better video quality.

The top gadgets of 2016

2016-on-screen

Four South African technology experts share their views on the top gadgets and smartphones of the year.

Free MyBroadband Newsletter
×