Just had a very fruitful call with Alex Ljung. @SoundCloud is here to stay.
— Lil Chano From 79th (@chancetherapper) July 14, 2017
In a cryptic tweet, Chance The Rapper has eluded to the fact that he may have something to do with fixing the mess that SoundCloud is currently caught up in. After this tweet by Chance, Alex Ljung had this to say:
“Hey everyone, There’s an insane amount of noise about SoundCloud in the world right now. And it’s just that, noise. The music you love on SoundCloud isn’t going away, the music you shared or uploaded isn’t going away, because SoundCloud is not going away. Not in 50 days, not in 80 days or anytime in the foreseeable future. Your music is safe. … Last week we had to make some tough decisions to let go of some of our staff, but we did this to ensure SoundCloud remains a strong, independent company. Thank you for the outpouring of love and support. Some of you have asked how you can help–spread the word that we’re not going anywhere and keep doing what you’re doing–creating, listening, uploading, sharing, liking, and discovering what’s new, now and next in music. SoundCloud is here to stay.”
SoundCloud raised $70 million from Twitter in June 2016, after raising $35 million more of debt financing in January 2016.
Let’s hope that SoundCloud is here to stay!