Earlier this week, the Germany based audio distribution platform “Soundcloud” was under a lot of pressure. Earlier rumors claimed that the platform laid off 40% of their staff and was predicted to last for about 50 days. Only taking several hours to reach social media ears, the internet went into an outrage. Many aspiring artists and music streamers were highly dissatisfied with the news. However things may not be what they may seem.
SoundCloud recently sent out a statement saying that the projected rumors are not true at all. The platform explained that they are funded through Q4 and the rumors were nothing more than false information some of the laid off employees heard through a recent meeting.
By: Kalin Wiggins