After the year 2016, Soundcloud faced many problems. The team could not make substantial profits. This is why the company had to lighten its load by laying off more than 40% of its workforce. Currently, it is threatened with bankruptcy. However, many
companies still want to buy it, the Soundcloud music platform remains one of the pillars of music streaming, you can moreover, thanks to this tool, download Soundcloud music .
Soundcloud, a drop in estimates
Soundcloud is one of the sound platforms that attract the most young artists. What makes it special is the fact that it can be associated with the user's social network accounts (Facebook and Twitter). Estimated at $1 billion last year, its value has been revised downwards
. It is now estimated at 700 million. If its financial condition does not improve by the end of the year, it will close down.
Deezer in the list of potential buyers
Faced with the financial problems that persist, the managers will have no choice but to sell the company. Since the end of 2016, big names have shown interest in acquiring the platform. Soundcloud, remember, is one of the music distribution
platforms that attract young artists. Currently, we are talking about more than 170 million users and several million visitors who interest many big names Google, Apple, Amazon and YouTube. And the latest news Deezer enters the list of potential buyers. According to the American media, it seems that the French company Deezer is the candidate most likely to conclude the takeover.
