Twitter has reportedly lost a whopping $70M, which it had invested on music streaming platform SoundCloud. The shocking data came, when Twitter has come up with the annual report for 2017. It was in the year 2016, when Twitter went onto invest $70M in SoundCloud. During the 2016 funding roundup, SoundCloud went onto raise $100. It must be added that at the time of Twitter’s investment, SoundCloud was valued at $700M. However, the value now plunged to $150M.
It has to be seen how Twitter is going to manage the hand, which got burned on SoundCloud,
