Sound Cloud, a Music Streaming company was founded back in 2007 and presently registered with about 40 Million Users around the Globe. Soon after the starting of their services, Sound Cloud became the renowned platform for music enthusiasts. Within a short time of 3 years (in 2010) they had about 1 Million Registered user around the world.
Not Every year is lucky, and so for Sound Cloud is this year. Recently Sound Cloud has closed its two offices in San Francisco and London and fired 173 employees in a month. Sound Cloud is also at the verge of Bankruptcy and may close their services in coming days.
Sound Cloud may not be able to continue their services, If they don`t get investment. Sound Cloud asked for $ 170 Million from their investors. If they doesn`t get their investment, they have told investors that they might not be able to continue.
What do you think will Sound Cloud manage to survive in this hard time or they just sell their company and move on. Let us know in the comment section below!!