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In this week's Weekend Reads: The beginning of the end for Soundcloud, tips for staying financially fit from Shape magazine and The Financial Gym, and the silver lining to being replaced by artificial intelligence.
For the better part of a decade, SoundCloud has been the go to site for up-and-coming artists, underground hits, and off-the-wall music recommendations. So why is it in so much financial trouble? Turns out it’s a lot easier to monetize Top 40, radio-friendly musicians than it is a Brazilian EDM artist who uploads things from the extra room he’s turned into a recording “studio.” There’s a ton of cool stuff on SoundCloud so it’s sad to see it’s had so much trouble raising money, selling ads, and/or getting acquired. But in this deep dive by Buzzfeed, it’s obvious who the culprits are: company leadership. Here’s to hoping Biebs will upload another track as Sir Bizzle and inject some life into the company.
Wait, Shape magazine? Like, the Shape magazine that gives tips on summer bodies and dieting regiments? Yep. And turns out, they also give some pretty solid financial advice. This time it’s with one of our favorites, Shannon McLay from The Financial Gym. If you’re wondering what next steps to take with your financial fitness, Shannon offers some great tips, like getting a real life human coach who will actually hold you accountable, making financial training part of a regular routine, and documenting your successes. If you’re looking for an end-of-summer financial shape up, read this.
There’s a lot of worry about automation and artificial intelligence and Skynet and so on. And for good reason; automation is likely a bigger danger to employment than immigration. But as this article in The Wall Street Journal points out, it’s not the first time technology has endangered jobs. People thought spreadsheets would bring about a job-pocalypse in the ‘80s -- and while jobs for bookkeepers did take a hit, many more jobs were created based on people being able to use the new software. So maybe that’s how we should be looking at the AI revolution: not at the jobs it’ll take away, but at all the new ones it’ll create.
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