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SoundCloud Responds to ‘Extensive Inaccuracies’ in Article Claiming It Is Almost Out of Money

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Photo credit Breno Da Silva Pereira under Creative Commons license.

Variety reports: “On Wednesday TechCrunch posted a long and bruising article about the popular but financially challenged streaming service SoundCloud, citing inside sources who attended an all-hands meeting wherein cofounder Alexander Ljung reportedly said that the company only had enough money to survive until the fourth quarter of this year — which begins in 50 days. In a brief statement a rep for SoundCloud took issue with an ‘extensive number of inaccuracies’ in the article.”

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