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Audiophilic startup SoundCloud raises a reported $50M

SoundCloud, a startup focusing on audio-sharing in social media, has announced a new (and reportedly sizable) round of funding. The round, which was led by Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, may have been as large as $50 million, TechCrunch’s Mike Butcher reports. A SoundCloud rep confirmed all the details except the amount in an email exchange with VentureBeat this afternoon.

 

Gloves off on cost of Michael Jackson's services

City attorney plans investigation of $1.4-million bill, but some see long-term gains from global exposure. Hours after the last eulogy to Michael Jackson bounced off the rafters of Staples Center, discussion in Los Angeles civic circles turned to more down-to-earth matters: Were the pop star's death and memorial a net fiscal loss or gain to the city, and should taxpayers get stuck with the tab?

 

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