Chance The Rapper Lends a Hand in Effort to Save SoundCloud

Contrary to previous reports, it looks like SoundCloud will be around for a long time, thanks to Chance The Rapper.

Today (July 14), the Chicago MC took to Twitter to share the news in a vague tweet, saying, “Just had a very fruitful call with Alex Ljung. @SoundCloud is here to stay.”

Just had a very fruitful call with Alex Ljung. @SoundCloud is here to stay.

— Lil Chano From 79th (@chancetherapper) July 14, 2017

Shortly after Chance’s tweet, the music streaming company took to Twitter to spread the words with a tweet saying, “*airhorn* Spread the word: your music isn’t going anywhere. Neither are we.”

*airhorn* Spread the word: your music isn’t going anywhere. Neither are we.

— SoundCloud (@SoundCloud) July 14, 2017

As previously reported, SoundCloud laid off 40 percent of its staff last week. TechCrunch.com reported ex-employees of the music-streaming service said that a meeting was called where co-founder Alexander Ljung said that the company only had enough money to survive until the fourth quarter of this year, which begins in 50 days.

Shortly after the story was published on TechCrunch.com, Variety published an story where SoundCloud representatives said in statement that the company opposed an “extensive number of inaccuracies” and that the company is confident that the layoffs and office closings “put us on our path to profitability and ensure SoundCloud’s long-term viability.”