Techcrunch have reported from insider information that Soundcloud have only 50 days before going entirely bankrupt.
This report comes after news of the company downsizing by closing offices in London and San Francisco and firing 40% of their staff.
Soundcloud Set To Evaporate
The report from an anonymous source also stated that many employees have started to quit as they see the inevitable end coming fast. Company founders were found in a leak to be discussing how they can get to Q4 of the calendar year, which starts on September 1st. They are looking for investors to help keep the company running beyond the 50 day mark.
Back Up Your Music NOW
If Soundcloud goes down it will take the internet's largest collection of independent music with it. Soundcloud have over 100 million users, and many steemit-users are showcasing their music through Soundcloud.
Resteem to warn your fellow musicians!
