They lost $44M but were willing to posit
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In a statement given to FACT, SoundCloud said that the figures “reflect those of a company in a strong growth stage,” which still has “over 18 million creators are using the platform, sharing well over 110 million tracks, and reaching 175 million monthly active listeners.”
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So they have a lot of files and they lost $44M but it's indicative of strong growth.
ROTFLMAO+LSHMCOMN=LOL