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SoundCloud Avoids Shutdown With New Investment03:25

This article is more than 3 years old.

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.

This article was originally published on August 11, 2017.

This segment aired on August 11, 2017.

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