Soundcloud, the massive audio streaming site that has over 40 million unique users may be in a spot of trouble if these findings are anything to go by.
According to
FACT Magazine, a report was issued that casts 'significant doubt on the company's ability to continue.'
Although the company only struck a lucrative licensing deal with Universal Music last month, reports have found the company's overheads have increased faster than its revenue recently.
For example, employee wages shot up by a staggering 42.5%, with the average SoundCloud staffer earning almost €80,000.
The report has indicated that the company will need much more investment if it is to continue operations this year.
This is how we feel about the news.
via Giphy
Lead Image via CoderWall.com 
