"Not in 50 days, not in 80 days or anytime in the foreseeable future". In response to the rumours that their platform is shutting down, Soundcloud tweeted saying "*airhorn* Spread the word: "your music isn't going anywhere.
That was before it was reported the streaming platform only had enough funding to last another 50 days.
In addition to the staff cuts, it is expect that offices in San Francisco and London will be closed with only the NY and Berlin headquarters remaining.
It seems that through the power of the Twitter feedback and whatever backroom deals Chance and SoundCloud had, the website is now here to stay.
"I'm working on the SoundCloud thing", he cryptically posted before writing later that day: "Just had a very fruitful call with (SoundCloud founder) Alex Ljung. And it's just that, noise", Ljung wrote.More news: Blue Apron shares hit as Amazon files for meal-kit trademark
It is not clear if Chance has provided SoundCloud with some extra funds, along with other investors, to keep the streaming service running.
You can read Ljung's full statement refuting those reports below. Your music is safe. 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.
Both musicians have made a decision to release a single exclusively on Soundcloud for the objective of helping the platform in times of difficulty.
"Thank you for the outpouring of love and support".