• Latest Investment Round for SoundCloud Calls for New CEO

    10 days ago - By Android Headlines

    SoundCloud has just completed a fresh round of investments, and it appears that investors want a change in leadership. According to investment documents, the founder and current CEO, Alex Ljung would be pushed out and moved to chairman of the board for the company. While Vimeo's former CEO Kerry Trainor would take over the reigns as CEO of SoundCloud. Trainor would also bring in a new COO or Chief Operating Officer, who will be Mike Weissman. Weissman worked with Trainor at Vimeo, so the two know each other quite well. SoundCloud is looking to raise around $170 million, and this is at a...
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  • SoundCloud lives with last-minute investment deal but CEO steps aside

    SoundCloud lives with last-minute investment deal but CEO steps aside

    10 days ago - By SiliconBeat

    SoundCloud CEO Alex Ljung was replaced by former Vimeo CEO Kerry Trainor but will stay in the company as chairman of the board.
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  • SoundCloud saved: Investors step in to rescue music site

    SoundCloud saved: Investors step in to rescue music site

    10 days ago - By SlashGear

    The SoundCloud shutdown has had a last-minute reprieve, with a new financing round saving the popular podcast and music sharing site from its imminent demise. The site had made sizable redundancies in July, axing 173 members of its team in an attempt to curtail costs, but fears persisted that it would be forced to shut down altogether if it couldn't...
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  • SoundCloud stays afloat with emergency investment, as CEO steps aside

    SoundCloud stays afloat with emergency investment, as CEO steps aside

    10 days ago - By The Verge

    SoundCloud today announced that it has closed the investor round necessary to keep it going for the foreseeable future . As part of the agreement, Alex Ljung will step aside and former Vimeo leader Kerry Trainor will become SoundCloud's new CEO, with Mike Weissman as COO. Ljung will stay on to “fully focus on the role of the chairman and the long-term.” Though the exact investment number is not mentioned in the announcement, Ljung says it is “the largest financing round in the history of SoundCloud.”
    Yesterday, Axios revealed details of a SoundCloud shareholder memo that said the future of...
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  • SoundCloud saved by emergency funding as CEO steps aside

    SoundCloud saved by emergency funding as CEO steps aside

    10 days ago - By TechCrunch

    SoundCloud has just closed the necessary funding round to keep the struggling music service afloat. CEO Alex Ljung will step aside though remain chairman as former Vimeo CEO Kerry Trainor replaces him. Mike Weissman will become COO as SoundCloud co-founder and CTO Eric Wahlforss becomes chief product officer. Raine Group and Temasek have stepped in to lead the new Series F funding round of...
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  • SoundCloud's CEO is stepping down after the company raised a big round of new funding

    SoundCloud's CEO is stepping down after the company raised a big round of new funding

    10 days ago - By Business Insider

    SoundCloud CEO and cofounder Alex Ljung is stepping down from the top role as the company announces a new round of funding from investors The Raine Group and Temasek. The round reportedly comes in at $170 million .
    Ljung won't be leaving the company, he confirmed in a blog post , but will remain in the role of chairman in "the long-term."
    SoundCloud's new CEO will be former Vimeo CEO Kerry Trainor, who stepped down in August last year. The new COO is another Vimeo alumnus, Mike Weissman, who held the same position at the video company but quit to join SoundCloud.
    Ljung didn't say how much...
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