Twitter invests USD 70 million in SoundCloud

Q.  Twitter has invested US $70 million in which music service?
- Published on 16 Jun 16

a. Spotify
b. Apple Music
c. SoundCloud
d. None of the above

ANSWER: SoundCloud
 
Twitter Inc has invested about $70 million in Berlin-based music service SoundCloud.Twitter confirmed the investment, but did not provide any financial details.
  • Soundcloud , a platform that enables people to upload and share music and other audio files, also confirmed that Twitter had made the investment.
  • Twitter's investment was part of a funding round expected to be in the range of $100 million, which would value SoundCloud at about $700 million.

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