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SoundCloud saved by emergency funding as CEO steps aside


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SoundCloud has just closed the necessary funding round to keep the struggling music service afloat. CEO Alex Ljung will step aside though remain chairman as former Vimeo CEO Kerry Trainor replaces him. Mike Weissman will become COO as SoundCloud co-founder and CTO Eric Wahlforss stays as chief product officer.

New York investment bank Raine Group and Singapore’s sovereign wealth fund Temasek have stepped in to lead the new Series F funding round of $169.5 million.

https://techcrunch.com/2017/08/11/soundcloud-saved/

 

Posted

It use to be amazing. You could read and send messages and share links as you could on their website. It turned to shit and now they have 2 apps doing what their old one use to

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