They have been hemorrhaging money for quite some time and I don't understand why. They have a great platform from a software point of view. They have a very high Page Rank. They have over 100 million users.
Google PageRank: 9/10
cPR Score: 9.6/10
Alexa USA Rank: 67 and this mean that there are only 66 sites in the US that get more traffic than Soundcloud.
They have a global rank of 111 and that means that there are only 110 sites in the whole world that get more visits than Soundcloud.
They have 787,491,749 External Backlinks
Indexed URLs: 35,544,603
Here are some articles.
[url]SoundCloud has lost over $70M in 2 years, board cites ...[/url] https://arstechnica.com/information-technology/2016/02/soundcloud-has-lost-over-70m-in-2-years-board-cites-material-uncertainties/https://www.digitalmusicnews.com/2018/04/13/soundcloud-2016-financials/
Does anyone have any idea what their fixed and variable operating costs might be?
They just got a loan from a couple of "boutique" banks for $170 million but they DO NOT appear to have a business plan that can turn their traffic into revenue. It's appears that the corporate suits there are very inept businessmen or something worse.
I would hate to see such a nice platform vanish and I can't understand how a site with more traffic that all but 110 website worldwide can't be turning huge profits. What am I missing?