SoundCloud co-founder and CEO Alex Ljung assured listeners and artists that the company was in control of its “independent future” and on a path to “profitability” after laying off 173 staffers last week. In a subsequent report forum TechCrunch, however, the situation is supposedly much more dire. Eventually, news of SoundCloud’s current (alleged) status even prompted a response from Chance the Rapper.
Cyber attacks targeting a little known internet infrastructure company, Dyn, disrupted access to dozens of websites on Friday, preventing some users from accessing PayPal, Twitter and Spotify.
RECORDED MUSIC WAS once incredibly fragile. Before the days of digital music, an independent band might press only a few thousand, or even a few hundred copies of a vinyl record. Those albums only became more rare over the years as copies were scratched, broken, or thrown out. Likewise, master recordings could be damaged or lost, making the record difficult or impossible to reissue.