SoundCloud co-founder releases official statement, says financial report was false
The name “SoundCloud” could be found poised on the tip of everyone’s tongues last week once a financial report indicated that the streaming service only had enough cash flow to stay in business for a measly fifty-days more. Independent artist, Chance the Rapper, notably intervened, tweeting that he’d had a “very fruitful” conversation with SoundCloud’s CEO, Alex Ljung. While the extent of Chance’s involvement with the platform, SoundCloud later tweeted that it was here to stay, much to the satisfaction of SoundCloud users everywhere who feared the loss of their long curated libraries of music.
Ljung has since released a statement nullifying last week’s claim that the company was not financially stable enough to last past a fifty-day period. “There’s an insane amount of noise about SoundCloud in the world right now. And it’s just that, noise,” wrote the co-founder on SoundCloud’s blog.
“The music you love on SoundCloud isn’t going away, the music you shared or uploaded isn’t going away, because SoundCloud isn’t going away,”Ljung progressed, dispelling all rumors currently surrounding the service.