SoundCloud's days are slightly less numbered than they had the potential of being earlier today. On Friday, the company received an emergency $170 million investment from two sources. The company is also getting some new executives. Kerry Trainor will lead the company, while Michael Weissman will be its COO.
Those executives had similar positions when they worked at Vimeo.
SoundCloud has had a difficult time making its business model work, leading to significant layoffs and growing losses. With this investment, however, it'll survive for a least a little while longer.
0 Comments