Twitter Invest $70 Billion in SoundCloud

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Twitter has invested approximately US $70 million in one of the music streaming service provider, SoundCloud. Value investing is called can still grow up to US $100 million.

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Unfortunately, CEO TwitterJack Dorsey did not mention the details of the investment and the specific reasons behind the company’s decision. Even so, he agrees that Twitter now has a stake in SoundCloud.

SoundCloud spokesman also ensures Twitter has invested in SoundCloud. According to him, the two companies will facilitate and inspire today’s contemporary culture at the same time attract more people around the world.

This investment allows SoundCloud remain focused on building value-added, both for creators and listeners as well as continuing other initiatives such as launching a paid service called SoundCloud Go.

Although the plan has not been established Twitter through this investment, some analysts estimate this is how social media to attract more users.

Meanwhile, SoundCloud can see this investment as a move to introduce a new paid services to more people.

On the other hand, the condition of the two companies is also less well known. Twitter has just convicted Wall Street because it was unable to add users quickly.

So even with SoundCloud called not increased valuations, so it is rumored some investors are concerned with the growth of the company.

Actually, this is not the first time Twitter reportedly close to a streaming music service from German. Two years ago, Twitter was rumored to be buying SoundCloud, but the measure nevertheless turned out to do.