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SoundCloud Reports $56.5M Loss, Faces "Material Uncertainties"

February 10, 2016

This is the year that SoundCloud has promised to launch a paid music service and start paying more to the artists that create the music that draw millions of listeners to the service. But first it has to survive growing multi-million dollar losses. SoundCloud lost $56.5 million in 2014 according to new UK filings. The loss ...