4 ms·

I wonder what challenges Bandcamp faced here. Is it really that management wasn't serving the market in good faith, or was there a problem with profitability?

• amrocha 3y ago
  There's no indication that they faced any problems at all. Epic bought them when investment money was abundant, they probably made an offer that the owners couldn't refuse. A year later, cash is harder to come by, epic sells off businesses that aren't core. Songtrader, facing the same market conditions as epic, sees layoffs as a cost cutting measure regardless of profitability.