Struggling music streaming app SoundCloud gets new funds, top management

The SoundCloud Ltd. application is seen on an Apple Inc. iPhone in an arranged photograph in Washington, D.C., U.S., on Tuesday, July 18, 2017. Photographer: Andrew Harrer/Bloomberg

SoundCloud, the world’s most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year.

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