Soundcloud ‘may close’ after heavy lossesmain
The streaming service lost €39.14m ($44.19m) in 2014, according to auditors, on revenues of €17.35m. Over three years, the service has lost almost €75m.
The black crows are gathering around the Berlin-based venture.
Soundcloud says: ‘Over 18 million creators are using the platform, sharing well over 110 million tracks, and reaching 175 million monthly active listeners.’