Is this article based on anything substantial?<p>They lost $44m in 2014 but raised $77m in 2015.<p>The article refers to a report saying SoundCloud is heavily reliant on “further capital investment” to continue operating. Isn&#x27;t that just another way of saying they&#x27;re currently not turning a profit? Wouldn&#x27;t that have been true of YouTube prior to acquisition?<p>I&#x27;m not familiar with FACT. Looks like it may be a legitimate music industry publication. Looking at the other SoundCloud articles, it seems about 50% of them are in some way negative. That suggests to me that they might have an agenda they&#x27;re pushing.<p><a href="http:&#x2F;&#x2F;www.factmag.com&#x2F;tag&#x2F;soundcloud&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.factmag.com&#x2F;tag&#x2F;soundcloud&#x2F;</a>