Cyrus Farivar, Ars Technica:

SoundCloud announced Thursday that it would be closing its San Francisco and London offices—firing 173 employees, or around 40 percent of its staff.

The Berlin-based company has been struggling for years: it reported losses of over €51 million ($58.1 million) in 2015—losses that have steadily grown since 2010.

What to do about this? SoundCloud offers real value to the community, but can’t find a way to make it pay. Somehow GitHub made it work. Is GitHub worth more to developers than SoundCloud is to the audio community?