Aug 17 2017
Today, Ljung made a statement through the firm's blog announcing that The Raine Group and Temasek have just sealed the deal on the largest financing round in the history of the company. This financing means SoundCloud remains strong & independent.
SoundCloud has just received an investment of $170 million a "global merchant bank" called The Raine Group and a Singapore-based investment company called Temasek. In his stead, former Vimeo CEO Kerry Trainor would be taking over operations of the organization. Kerry Trainor and Michael Weissman, former executives of video-sharing platform Vimeo, will also join the company as CEO and COO of SoundCloud respectively.
SoundCloud fans can hopefully rest easy for a while longer. Co-founder Eric Wahlforss will be chief product officer.
The move comes amid ongoing concern about SoundCloud's ability to stay afloat, after massive layoffs and reports that the Berlin company was running out of money. Help has now come in from Temasek and USA investment bank Raine Group, who have together invested $170m, but at a low pre-money valuation of $150m compared with a value of $700m at previous funding rounds. "We see a strong, independent future for the company". "Millions of creators choose these tools to share their work with the world - that will remain at the focus and center of the company". Though there'll presumably be pressure on Trainor and Weissman to come up with a realistic game plan in the relatively near future.
UP Govt. hiding facts, can't trust current probe: Akhilesh on Gorakhpur tragedy
State health minister Sidhartha Nath Singh and minister for medical education Ashutosh Tondon visited the hospital on Saturday. The incident sparked a national outcry, with opposition parties demanding the resignation of Chief Minister Yogi Adityanath .
Perseid meter shower to peak this Saturday
Stargazers should find an area away from light pollution, and allow about 30 minutes for your eyes to adjust to the dark. They will originate in that part of the sky. "In the case of the Perseids , these get to be nearly as bright as Venus".
Bills trade Watkins and Darby, acquire Jordan Matthews, EJ Gaines
Many Buffalo Bills fans expected to see wide receiver Sammy Watkins have a breakout year in 2017. Watkins has played in 21 games the past two seasons after playing all 16 as a rookie in 2014.
Recently you heard me say SoundCloud isn't going away.
Soundcloud will now need to look at reducing costs and doing more to monetise the service which, according to the firms latest publicly available figures, has more than 40 million users.
Concerned users had been backing up their Soundcloud uploads, anxious the site would go offline.
Aug 17 2017
Horse in Kent County dies from West Nile
However, if you have flu-like symptoms and have been bitten by a mosquito in the last 15 days, it is important to get tested. The latest results , show 11 pool samples testing positive for the virus with one human case in Allen Parish.
Aug 16 2017
After Doklam, China tries to enter Ladakh; India foils infiltration bid
Apparently stealing a leaf from Srinagar streets, the Indian and Chinese armies have resorted to stone pelting on each other. He also said India is fast progressing towards self-sustainability and the youth must contribute in country's development.
Aug 13 2017
Trump to request possible probe of China trade practices
If an investigation begins, the US government could seek remedies either through the World Trade Organization or outside of it. President Trump and Chinese President Xi Jinping meet on the sidelines of the Group of 20 Summit last month in Hamburg.
Aug 13 2017
Zidane has signed a new contract with real Madrid
I'm very happy to have the confidence Real Madrid shows in me. I'm happy here and would stay many more years. Let us know via Twitter and Facebook .
Aug 12 2017
Snap shares tank further after reporting $443m loss
Inc. now owns 19,816 shares of the company's stock worth $352,000 after buying an additional 3,447 shares during the last quarter. For the sake of SNAP stock investors, taking the money from Alphabet - if it's still on the table - is the best option now.
Aug 11 2017
United States law enforcers name Mexican captain Márquez as front for drug cartel
Indictments against Flores Hernandez came in March, and since then the investigation has been trying to turn up his associates. Marquez is also renowned as one of the greatest players in the history of the Mexican national team.
Aug 11 2017
Kylie Jenner's Lip Kits Have Made Her An Insane Amount Of Money
All of her beauty experiments, from lip kits, to loose highlighters to eye shadow palettes sell out. It's the first time Kylie has discussed financial details about her business.
Aug 10 2017
North Korea Sets Canadian Pastor Free
The Canadian government is not confirming the release yet, but did acknowledge that it sent a delegation to discuss the case. His family has urged the Canadian Prime Minister to save his life.
Aug 09 2017
More Details Emerge in Usher Sex Scandal, One Accuser Speaks Out
She argues that her rights were violated when Usher knowingly put her health at risk without telling her about his STD status. He has never publicly denied those reports. "He told me that Usher had seen me backstage and was interested".
Aug 09 2017
Traces of explosives, detonators found at Lahore truck blast site
Lahore , a city of around six million, is Pakistan's cultural hub and the capital of its most powerful province, Punjab. Azim Hanif, an eyewitness, said he was going to the parking stand in the area when a powerful blast took place.
Aug 16 2017West Ham keeper Hart: I don't care about Guardiola opinion
Aug 16 2017Japan's economy records the sixth consecutive quarter of growth
Aug 16 2017Bill Gates gives away Microsoft shares worth $4.6 billion to charity
Aug 15 2017China tightens noose on North Korea but warns Trump over trade
Aug 15 2017Sushma speaks to Nepal Dy PM over flood-like situation along border
Aug 13 2017Spain could overtake Greece in Migrants in flow
Aug 12 2017Dutch egg scandal hits Ireland as businesses forced to pull products
Aug 11 2017God stops by Colbert to talk Donald Trump and nuclear war
Aug 10 2017Overwatch Summer Games 2017 skins secrets REVEALED: Fans unearth hidden treasures
Aug 10 2017TSX Slips As US-North Korea Tensions Flare
Aug 17 2017Utah's 3rd District special election
Aug 16 2017'Game of Thrones' Showrunner Reveals Why Daenerys Has Become So Ruthless
Aug 16 2017Indian police arrest four after Game of Thrones leak
Aug 16 2017Gylfi Sigurdsson to join Everton in £45m deal
Aug 16 2017Robert Yancy, Son of The Late Natalie Cole, Dead at 39
Aug 15 2017At least two shot dead in protests following Kenyan election
Aug 14 2017Tom Cruise Injured Filming High-Altitude Stunt For 'Mission: Impossible 6'
Aug 14 2017U.S. sanctions: Iran aims to boost military spending in retaliation
Aug 14 2017Cardinals will have 'Rally Cat' night in September against Pirates
Aug 10 2017DJ Fires Back At Taylor Swift During Sexual Assault Trial
Aug 09 2017Man accused of killing Missouri police officer wanted in New Hampshire
Aug 09 2017Pakistan shelling on LoC in Uri, soldier injured