The music application Soundcloud is loosing money but it is one of the most popular music application in the market.The company last year lost $52 million dollars and laid off 40% of its staff. 175 million people go on the application and listen too some tunes but there is no charge for people to use this service. They do have commercials in between hearing music but it doesn't seem to be enough for the company. Many other bigger companies like twitter have tried to acquire the music company but are never successful due to them Soundcloud asking for too much.