The world’s biggest music streaming service, SoundCloud, has announced on Thursday that they have enough cash to last until fourth quarter even after laying off 40 percent of their staff. With competitors such as Apple (NASDAQ: AAPL), Spotify,..

SoundCloud Ltd. announced on Thursday that it is cutting nearly 40 percent of its staff and closing its offices in San Francisco and London.The move comes as larger rivals in the streaming industry, like Spotify Ltd. and Apple Inc. (NASDAQ: AAPL), a..