Monday, 14 August 2017
SoundCloud gave music fans quite a scare last month when it laid off nearly half of its staff – people thought the indie music platform was going to go belly up in a matter of weeks. Luckily, it got a new lease of life last week when it scored a $170 million investment that should help keep the lights on for a good while. The deal also mandated that CEO Alexander Ljung would be replaced by Vimeo exec Kerry Trainor; Ljung will stay on as chairman of the board, and Trainor will be joined by Vimeo’s Michael Weissman in the…
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