Audio-based social networking service SoundCloud is struggling financially. The company reportedly lost a total of $70.3 million in earnings in 2013 and 2014 combined.
The company’s struggles could be a bad sign for entrepreneurs who use the service either to create podcasts or market their music. In 2014, SoundCloud launched a partnership program with artists who wished to sell their music downloads from the platform. Since SoundCloud’s launch in Berlin in 2007, people have used it to record, share and promote a variety of different audio content. If the company were to fail, there are other options out there, but none with the exact same features.
SoundCloud Still Struggles With Profitability
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