Home Science & Technology SoundCloud could be gone by the end of the year

SoundCloud could be gone by the end of the year

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SoundCloud Go was launched last year, and although it saw gains for the company it is difficult to compete with other streaming sites such as Spotify and Apple Music.

According to the Financial Times SoundCloud may not survive until the end of the year due to huge loss of revenue.

The streaming service is said to have lost almost $52 (€49) million in 2015 alone.

Google was rumoured to be buying the company last week for $500(€475) million but no further details have emerged.

With a competitive market of music streaming services, other sites such as Spotify and Pandora find it difficult to stay profitable despite millions of paying users.

SoundCloud is a popular site as it has a user base of 175 million, but outside investment or an acquisition of the company may be the only thing that saves it at this point.

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Monte Pypi Darteh Kwadwo Collins, Famously Known as Monte OZ is a Dominican Ghanaian Born Television Host & International Media Correspondent Primarily Working in Ghana. He is Proud of His Ethnic. He Believes He Can & He Will. He is Not Measured By His Accent or By His Color. He is a Descendant of the Strong People. He Love, Laugh & Cherish His Family. He Listens to the Songs that Sings in Him and Encourage His Spirit to Dance. Monte OZ loves the Possibilities He Sees.

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