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SoundCloud stays afloat with emergency investment, as CEO steps aside

“SoundCloud today announced that it has closed the investor round necessary to keep it going for the foreseeable future” writes Aug Edt for theverge.com. Yesterday, Axios revealed details of a SoundCloud shareholder memo that said the future of the company hinged on a pending reorganization proposal.”We see a strong, independent future for the company.”.
 
Source: theverge.com



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