Lunes, 18 Diciembre, 2017

Exciting news and the future of SoundCloud

SoundCloud saved for the time being with new investment, new CEO and COO appointed SoundCloud Loses CEO But Stays Afloat With New $215 Million Investment
Montez Delgado | 13 Agosto, 2017, 23:15

As part of the investments, SoundCloud is adding talent from two former Vimeo executives.

Digital music service SoundCloud will continue to operate following a new investment round.

The Germany-based service had fallen on financial difficulties in recent times.

Kuwait says most of Gulf oil spill cleaned up
Saudi Arabia and Bahrain, located south of Kuwait along the Gulf coast, said the spill had not reached their waters. Saudi Arabia and Kuwait jointly operate fields in a shared area known as the Neutral Zone.

SoundCloud spent years negotiating with record labels to build a $9.99 per month subscription service to match Spotify and Apple, but the resulting product hasn't gained traction.

"If I could show to you the number of people who have been calling us, expressing fear about it going away, you would be shocked", said Davis, who will join SoundCloud's board. This financing means SoundCloud remains strong, independent and here to stay.

The company outlined the investments in a blog post, while it also announced that former Vimeo executive Kerry Trainor will be taking over as CEO... Kerry Trainer is joining as CEO, while Mike Weissman will become chief operating officer. "We see a strong, independent future for the company". Although Ljung has been the CEO and chairman of the company for almost a decade, the founder will now simply just oversee the company as a chairman. This, I know, sets us up as an even greater team for the decade (s) to come. The company is also shifting its business strategy, to focus on selling more tools for artists, podcasters and other content creators to share material online.

The Western Union Company (WU) - Momentum Stock to Focus
The firm owned 48,043 shares of the credit services provider's stock after buying an additional 11 shares during the period. Kentucky Retirement Systems acquired a new stake in Western Union Company (The ) during the fourth quarter worth $764,000.

That's the approach Trainor used at Vimeo: charging filmmakers to use its video-sharing, marketing and analytics tools.

SoundCloud last reported about 170 million users and saw significant increases in creator subscriptions, uploads, listening time and listener subscriptions over the past 12 months. "It's unique. We just closed out the first decade and created a really unique platform that impacts global music every day", said Ljung.

Three militants & two soldiers dead; locals help militants flee
Meanwhile, authorities have directed telecom authorities to block mobile Internet services in Budgam district. The police said there was information about presence of the militants in the area and the cordon was laid.

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