SoundCloud Avoids Shutdown With New Investment

SoundCloud investors voted Friday to invest $170 million in the streaming service. The web audio platform, known as a hub for independent musicians, has struggled to get funding over the last year, and in July around 40 percent of staffers were laid off.

Here & Now's Jeremy Hobson speaks with Michael Regan (@Reganonymous) of Bloomberg News about SoundCloud's future.