SourceSoundcloud, the site which aims to be YouTube for music and audio content, is in financial trouble, having lost €62.1m (£48.2m/$70.3m USD/$98.7m AUS) over two years.
Ars Technica reports that the board of directors has warned of "material uncertainties facing the business".
The reason? Despite having around 175m users by the end of 2014, the average revenue per user was just 11.2 cents. Yikes.