SoundCloud Says It Has Enough Cash to Last Until Fourth Quarter

SoundCloud Says It Has Enough Cash to Last Until Fourth Quarter

SoundCloud, the world’s biggest music-streaming service, is still struggling to find a business model – it now has enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursday.

The Berlin-based start-up is different from rivals Apple, Spotify, and Amazon in that it relies more on amateur musicians, for whom it provides a rare platform, and less on major commercial artists.

But like them, it has yet to turn a profit. The big music labels on which most of the services depend – themselves under pressure from the shift to digital music – strike hard bargains.

And SoundCloud – which said three years ago it had an audience of 175 million, a figure it has not updated – lacks either Spotify’s large base of paying subscribers or the deep pockets of Apple and Amazon that can subsidise their music services.

Last week, SoundCloud said it was firing 173 staffers and closing its London and San Francisco offices to focus on Berlin and New York. “We’re on our path to profitability and in control of SoundCloud’s independent future,” co-founder Alex Ljung wrote in a blog post.

Technology website TechCrunch reported, however, that staff were told at a meeting this week that the layoffs only saved the company enough cash to hold out until the fourth quarter.

A spokeswoman the SoundCloud declined to comment on the TechCrunch article in depth. She did say, “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.”

She declined to comment on funding beyond the end of the year.

The news has reignited speculation that SoundCloud will be acquired by a rival. It was targeted by Spotify last year in a bid that was later aborted.

Spotify, recently valued at $13 billion, is now planning a direct listing on the New York Stock Exchange later this year or in early 2018, sources told Reuters in May.

“The biggest problem I see is that the financial problems will absorb much of management’s time in trying to raise more money, meaning that the real problems of the business go unaddressed,” independent technology analyst Richard Windsor wrote in a note.

“Of all the potential suitors, I think Google makes the most sense,” he said, noting SoundCloud’s similarity to Google’s YouTube in its focus on user-generated content. “Google will probably be most able to monetise what SoundCloud cannot.”

SoundCloud, which was launched in 2008 and has never said how many paying subscribers it has, last month launched a budget subscription package in the hope of persuading more listeners to convert from the free service.

SoundCloud raised $100 million last June from a group of investors including Twitter, valuing the company at roughly $700 million (roughly Rs. 4,510 crores), according to Re/code.

In March, it raised a further $70 million in debt from Ares Capital, Kreos Capital and DavidsonTechnology to meet its expected 2.5 times year-on-year revenue growth in 2017, a company spokeswoman said.

Co-founder Alex Ljung said in a public interview at the Tech Open Air conference in Berlin this week that the company was fundraising, although he declined to comment on a rumour it was trying to raise $250 million (roughly Rs. 1,610 crores).


Productivity Habits: Working Until All Hours Isn’t Being Productive

productivity habits book

While we all may strive to be as productive as possible, at the end of a day we often feel like we should have achieved more, or could have spent our time in a better way. “The Productivity Habits: A Simple Approach to Become More Productive” aims to get the reader to focus on how they manage their time, process information, and prioritize tasks, and suggests eight techniques which can help you to become more organized and efficient.

What “The Productivity Habits” is About

Most of us will admit that there are times when we just don’t know where to start or what to do first due to the sheer volume of tasks that we believe need our attention. As a result, it can feel like we are getting no where as we waste much time switching our attention from one thing to another. Additionally, we often have a tendency to carry out what the author describes as “fake work” such as constantly checking for emails.

“The Productivity Habits” discusses eight habits/processes that can be used to help us to spend our time more efficiently. It looks at the limitations of our mind and what we can do to help become more efficient. It contains ideas on how to follow a more disciplined approach to the way we gather and store information and how and we allocate our time to carryout related tasks.

As the author states:

“Productivity is not about how much stuff you’re able to produce, how smart you’re able to work, or your ability to juggle lots of spinning plates. Nor is it your ability to succeed at a job that you hate. Rather, it’s a matter of mastery and perspective. Mastery over yourself and your resources, and perspective to decide what’s truly important and what deserves your attention.”

Much of what is contained within “The Productivity Habits” is common sense. But it requires discipline to use and stay with the techniques put forward. Outlined are consistent but manageable solutions which will allow you to focus on what is important, and how to store the lesser important, but potentially useful information, for future use and at a more suitable time.

About the Author

Ben Elijah (@inkandben) is based in London and freely admits that, in his youth, he had a tendency to procrastinate and was unable to multitask effectively. He has overcome these common problems and is now a trainer, consultant and writer in the field of creating strategies to increase productivity and personal effectiveness.

What’s Best About “The Productivity Habits”

Many books have been written on efficiency and time management. “The Productivity Habits” takes a slightly different view on how we are able to become more effective in our work. Rather than being a book which lists a variety of tools and techniques that can be used to be more productive; rather it prompts the reader to look at how they work, and suggests forming efficient habits so that you create order rather than chaos.

The book is very general in that it does not look at being more efficient in a particular type of work environment. This may sound less useful, but might actually be more beneficial as it forces the reader to look at the ways that they are working and how they could apply the recommended habits to their own situation.

What Could Have Been Done Differently

“The Productivity Habits” contains diagrams and work flows to highlight many of the points that the author is making. Personally I found them to be slightly overused. However, if you are someone who benefits and learns better through visuals, then you may find them quite helpful.

Why Read “The Productivity Habits”

Not only is life today more hectic than ever, advances in technology have also caused us to be bombarded with even more potentially useful information. Some of the information can be usefully used at some point in time, some needs to be acted on immediately, while other information may be totally redundant. Yet, we still need to determine how and whether to capture and process this information and this task in itself can be both distracting and overwhelming.

“The Productivity Habits” is an ideal read for anyone who feels inundated with information and tasks that they need to do, and want to find a better way to manage their time and priorities. The book provides eight thought provoking ideas on how to be better organized, to improve on your ability to prioritize, and to be able to retain a variety of information so that it is not lost and can be used at a more appropriate time.


Google Has Until October 31 to Reply to EU’s Android Antitrust Charges

Google Has Until October 31 to Reply to EU's Android Antitrust Charges

Google Has Until October 31 to Reply to EU’s Android Antitrust Charges
Google was accused of its Search and Android dominance
The initial date to respond to the charges was July 27
Google may lose around $7.4 billion as fine against charges
Alphabet’s Google has been given until the end of October, the fourth extension, to rebut EU antitrust charges that it uses its dominant Android mobile operating system to block competitors, the European Commission said on Monday.

The Commission in April said the US technology giant’s demand that mobile phone makers pre-install Google Search and the Google Chrome browser on their smartphones to access other Google apps harms consumers and competition.

The EU watchdog had initially set a July 27 deadline for Google to respond to the charges. This had been extended three times at the company’s request, with the previous deadline Sept. 20.

The new deadlines are October 31 for the Android case and October 26 and October 13 for cases relating to online search advertising and shopping.

In the shopping case, Google has been accused of favouring its shopping service over those of rivals in internet search results while the AdSense case centres on the company’s measures which block competitors in online search advertising.
“In each of these cases, Google asked for additional time to review the documents in the case file. In line with normal practice, the Commission analysed the reasons for the request and granted an extension allowing Google to fully exercise its rights of defence,” Commission spokesman Ricardo Cardoso said in an email.

The EU antitrust enforcer intends to hit the company with deterrent fines in the Android and shopping cases, according to charge sheets seen by Reuters.

Google can be fined up to $7.4 billion (roughly Rs. 49,684 crores), or 10 percent of its global turnover, for each case if found guilty of breaching EU rules.

© Thomson Reuters 2016

Tags: EU, Google, Android, Antitrust, Apps, Mobiles, Tablets


Famous person Wars Spin-Off Not on time Until 2019

Stars Wars

THE Information COMES AFTER DIRECTOR JOSH TRANK LEFT THE Venture Mentioning HIS Desire TO ‘PURSUE Some Unique Creative Possibilities
The discharge date of the second one Megastar Wars spin-off has been postponed from 2018 to 2019.

The News comes after director Josh Trank left the Mission Citing his Choice to ‘pursue Some AuthenticCreative Possibilities,’ reviews variety.Com.

Josh Trank become reportedly fired from Star Wars after human beings at Disney and Lucasfilm heard hebecome “erratic” and once in a while “very isolatedeven as filming The Top notch Four.

Due to the ones problems, producers Simon Kinberg and Hutch Parker allegedly needed to step in to “pull the movie together.”

Josh Trank hasn’t answered to the hearsay, but a spokesman for twenty first Century Fox insists the studio is “very happy with the film and we can’t anticipate audiences to peer it”. They, but, acknowledge “therehave been in reality A few bumps in the road“.

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