SoundCloud Reaches Out Regarding "Inaccuracies" Within Tech Crunch Article
By now, just about everyone has been absolutely going off the walls over the Tech Crunch article regarding SoundCloud's future. You can imagine the uproar and rumours that stemmed from such article. You can read their article here.
We are here to let you know that SoundCloud is in no way going anywhere anytime soon. Below, you will find a statement directly from SoundCloud outlining some "inaccuracies" in the article written by Tech Crunch.
The following is taken directly from Variety.com and their article titled "SoundCloud Responds to Article Claiming It Is Almost Out Of Money". You can read the full article here.
"In a brief statement a rep for SoundCloud took issue with an “extensive number of inaccuracies” in the article, although it only specified and commented on ones regarding funding and layoffs, and went on to say that the company is confident that last week’s layoffs and office closings “put us on our path to profitability and ensure SoundCloud’s long-term viability.”
The statement follows in full:
“There are a number of inaccuracies within the TechCrunch article. They seem to stem from a misinterpretation of information by one or two laid off employees during a recent all hands meeting. Due to the extensive number of inaccuracies, we will only comment regarding funding and layoffs. To clarify, SoundCloud is fully funded into the fourth quarter. We continue to be confident the changes made last week put us on our path to profitability and ensure SoundCloud’s long-term viability. In terms of layoffs, it is our policy not to discuss individual employee cases, but we can share we continue to work with all employees who were let go to support them during this transition, with employment and financial assistance.”
This is why you never want to jump to conclusions and start spreading rumours. SoundCloud themselves have made it clear that they are safe till Q4 and are positive that they are here in the foreseeable future.
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