Post investment, Ljung will be replaced as chief executive by former Vimeo Chief Kerry Trainor and Mike Weissman, another ex-Vimeo connection, will become SoundCloud's COO.
Ljung, who had previously held the title of CEO, will remain at the company as Chairman.
With this new round of financing and a shake up at the top, it will be interesting to see how SoundCloud will reinvigorate itself and keep things in the green. The company launched a subscription music service a year ago, but that didn't generate enough revenue to avoid last month's layoffs. The new funding round valued the music streaming company at $150 million, compared with the $700 million valuation it was said to have received previous year.
As part of the investments, SoundCloud is adding talent from two former Vimeo executives. Trainor said this open artistic experimentation gives the platform a unique identity in the digital music space. Trainor said SoundCloud will continue to offer the suscriptions, but that it won't be the central focus of the company. Total revenue has more than doubled to more than a $100 million annual run-rate this year. "SoundCloud can do more".
Carroll Area Will See 98 Percent Of Aug. 21 Solar Eclipse
If you normally wear eyeglasses, put the eclipse-viewing glasses over them or hold the hand-held solar viewer in front of them. Anything lower will allow your eyes to be damaged, but NASA says Shade 12 is darker than the filters used for most welding.
Matsuyama, Kisner shares lead
Rickie Fowler had six birdies, the kind of round that would put him in the lead - except for that triple bogey on the sixth hole. Jason Day was right there with them until a peculiar decision likely cost him a reasonable chance to stay with the leaders.
As BBC reports, the company was at risk of shutting down entirely should new funding not have been approved by its shareholders, in the wake of a string of hits to its operations, including the recent downsizing of its workforce by 40%, or 173 jobs, last month.
The service has more than 175 million users and is home to more than 160 million tracks, making it a favorite destination for discovering up-and-coming artists and listening to podcasts.
"They made the changes that needed to be made to get the cost and operations in line to take the business forward", said Trainor.
Arsenal have been relatively quiet on the transfer front this summer, although the business they have done looks shrewd enough. Danny Drinkwater is sidelined with a thigh injury and Robert Huth is also out thanks to an ankle injury.
"Trump tells reporters at his New Jersey golf course Friday that he's "not going to rule out" a military option". Trump declined to give more details about the possibility of USA forces leading an operation in Venezuela .
Buoyed by a captivated, rowdy Montreal night session crowd, Shapovalov found his way back into the match in the second set. "I already beat other players 17 times", said Federer. "I struggled against Ferrer early on, so today was better".
CM Mehbooba has also met the leaders of all the political parties in Kashmir so that she is not "outwitted" by her ally BJP. The separatist said that the strike is also against the IN force who are continuously killing the innocent Kashmiris.
Others did not mention Trump directly but did condemn the marchers, many of whom carried Nazi flags and similar regalia. A large police force was in the area as the result of violent white supremacists rally and counter-protest on Saturday.
In this week's episode, Daenerys Targaryen finally got stuck in with the Westeros war and burnt the Lannister army to a crisp. The Ending of "Game of Thrones" Season 7, Episode 4 , " The Spoils Of War " is discussed below.
South Korea's KOSPI fell 1.7 percent to its lowest since May 24, but its losses for the week are a relatively modest 3.2 percent. Wilmar International slipped 6.4 per cent or 22 cents to $3.20; Hongkong Land lost 2.1 per cent or 16 U.S. cents to US$7.34.
There are some large differences, though, which explains why only one of nine past winners at Quail Hollow broke par Thursday. He made his par putt on the 17th hole and then sprinted to the 18th tee and promptly knocked his tee shot down the middle.
Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4%. The local currency was trading at 1,147.55 won against the US dollar, down 5.55 won from the previous session's close.
On Tuesday, the commander in chief said the rogue nation "will be met with fire and fury like the world has never seen ". All parties must assure North Koreans we will forego any military action against them if North Korea remains peaceful".
In July 2016, The Hague's Permanent Court of Arbitration ruled that China has no rights for territorial claims in the region. A dispute over the Senkaku Islands in the East China Sea continues to boil between the two Asian giants.
Selloff in stocks takes a breather; gold and yen tick up
The broad-based S&P 500 shed 0.6 percent to 2,459.50, while the tech-rich Nasdaq Composite Index tumbled 0.8 percent to 6,299.12. The local currency was trading at 1,145.05 won against the US dollar , down 3.05 won from the previous session's close.
Trump warning over North Korea hits markets
Ten-year USA yields dropped 4.3 basis points to 2.24 percent and German equivalents fell 3 bps to 0.43 percent, a six-week low. Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen JPY= rose.
Wenger confirms Sanchez out for 'a while'
Mesut Ozil will " take centre stage " as Arsenal's main man this season, former Gunners midfielder Stewart Robson told talkSPORT. And ahead of their opening fixture at home to Leicester on Friday night, Joshua has dealt him another blow.
Malappuram: School in a spot over uniform diktat
Earlier in June, the design of girls" school uniform in a Kerala had sparked controversy after a photographer called it "vulgar'. The Childline officials have also found the process highly discriminatory which will raise mental agony of the students.
Sanchez to miss start of season
He added: "I'm convinced in 10 or 15 years it will not necessarily be a football specialist who is a manager of a club". Wenger though stressed on the fact that Sanchez remained "focused" on playing for Arsenal this season.
Stocks drop, led by technology companies
Shares Snap fell 1.94, or 14%, to 11.83 after the Snapchat parent reported earnings late Thursday that missed analyst forecasts. The Dow Jones industrial average slid 204.69 points, or 0.9 percent, to 21,844.01, just shy of its low point for the day.
USA stocks fall again on North Korea tensions
Australia's S&P/ASX 200 edged down almost 0.1 percent to 5,760.90, while South Korea's Kospi fell 0.5 percent to 2,357.84. The US Consumer Price Index (CPI) edged up 0.1% last month after staying flat in June and falling by 0.1% in May.
Himachal: Two killed, four rescued after landslide hits Mandi
The Army and NDRF teams have reached the spot and started rescue operation along with the police, administration and local people. According to witnesses, the two buses were stationed at a kiosk on the highway for refreshments when the incident took place.
Taylor's groping case: Judge ruled out the former DJ
On Friday, Swift's bodyguard, Greg Dent , testified against Mueller and said that he witnessed the alleged assault. Mueller was sacked by radio station KXGO two days after the 2013 incident and has been unable to find a job since.