SoundCloud only has enough money to last 50 days, according to reports

The streaming platform denies the report in TechCrunch, after laying off 40% of its staff last week. SoundCloud only has enough money to keep running for another 50 days, according to a report from TechCrunch. The report comes in the wake of massive layoffs at the music streaming company last week, when it terminated the contracts of 173 staff members across the world – 40% of its workforce.
Read more: http://www.factmag.com/2017/07/13/soundcloud-report-50-days-money-left/?source=Snapzu