oh CRAP 💩 .. SoundCloud shutting down in 50 days? What will happen to my music uploads?

tastetwist (58)in #music • 7 years ago (edited)

Not only did Bitcoin hit $2,000 today, but the news of Soundcloud crashing too? Unbearable. I read that Soundcloud is planning on shutting down in 50 days :(

NOOOOOOOOOOOO SAY it's not so. I love Soundcloud.

Reports online stated that Soundcloud would be out of funding soon and shut down in 50 days.

For the last 5 years, I have built a community on SoundCloud. I started to think how horrible it would be if Soundcloud disappeared. Connections built over the last 5 years suddenly gone. :(

Banging Techno sets (podcast)

BTS profile pict.jpg

Soundcloud is not the only platform that I upload our podcast too, but it is one of the best since it allows unlimited downloads (with a paid subscription). Soundcloud's platform is wonderful to network on with other DJs. Meeting new talent and people world wide with similar TASTE in sound. The interface of SoundCloud is awesome, the STATS in SoundCloud is awesome, and the networking with new talent on a monthly basis is the bomb. I CAN NOT live with out Soundcloud. 🔉 🔊🔉 🔊🔉 🔊 .. if you like Crunchy TECHNO .. check us out...

Screen Shot 2017-07-15 at 6.03.01 PM.png

Screen Shot 2017-07-15 at 6.04.57 PM.png

GOOD NEWS - Today I discovered this blog on Soundcloud, and after reading this, Soundcloud is here to STAY!! 😜

A note from Alex Ljung

Eric and I founded SoundCloud nearly 10 years ago as we saw a need for something that would enable artists to share and connect through music. As we hovered together back in 2008 to push the button that would make SoundCloud live for the entire world, we had no idea the impact our, then tiny, platform would have on the future of music culture, and millions of listeners and artists around the globe.

In the competitive world of music streaming, we’ve spent the last several years growing our business, and more than doubled our revenue in the last 12 months alone. However, we need to ensure our path to long-term, independent success. And in order to do this, it requires cost cutting, continued growth of our existing advertising and subscription revenue streams, and a relentless focus on our unique competitive advantage — artists and creators.

With more focus and a need to think about the long term, comes tough decisions. Today, after careful and painful consideration, we took the difficult step to let go of 173 SoundCloud staffers and consolidated the team into two offices: Berlin and New York. We are extremely grateful for the contributions of each and every staff member who will be leaving SoundCloud, and we wish all of them the best. Without them, we would not be where we are today.

By reducing our costs and continuing our revenue growth, we’re on our path to profitability and in control of SoundCloud’s independent future.

So what does this mean for SoundCloud? The SoundCloud platform listeners and artists love will remain available in more than 190 countries globally. SoundCloud will continue to be the place for what’s new, now and next in music, powered by the world’s most diverse music community. I look forward to sharing more about our future plans in the weeks and months ahead.
Alex
finding