Well it certainly seems that way anyway. According to this piece at Hypebot their most recent filing is not in the least bit positive. Stating that the business faces “material uncertainties”, whatever that means? And, whatever it does mean, one things is probable, it isn’t good.
It seems that there hasn’t been any good news or positivity from SoundCloud in a while, or at least that’s my take on the news. For a long time it feels like there’s just been uncertainty about their future, and that uncertainty seems to be deepening.