Soundcloud has had a troubled few years and still isn't turning a profit despite generating revenues of more than $218 million (£180m) in 2020. The music hosting and streaming site was launched back in 2008 by Alexander Ljung and Eric Wahlforss in Berlin. Despite past valuations of over $700 million (£577.7m), the slow-growing tech firm has experienced a number of setbacks and nearly collapsed in 2017 when it was attempting to sell the business for $250 million (£206.7m).