Jawbone Won't Be the First/Last in Busted Tech

in

Busted Tech. We're not in the business of saying "told you so," but, well...yeah, we told you so. We noted last year that Jawbone was likely effed. Sadly, we were right. Hardware is tough stuff. And so is the music streaming business: after taking on $70mm in venture debt back in March, Soundcloud is answering to its investor overlords - including Ares Capital - and slashing costs. It'll be toast soon.