Sources Close to Soundcloud Say They Are Running Low on Cash
This could be a surprise for some of you, but when major record labels pull their content from your site it could really hurt you.
This is exactly what happen to Soundcloud, and sources close to them told Digital Music News that the company is very low on funds.
Inside reports say that business is grim and Soundcloud may need to secure more funding in months to come.
This could also be the reason that Soundcloud is planning to unleash a subscription plan for $10 a month. I guess we shall see what the future has in store for Soundcloud.
