SoundCloud CEO releases statement that rumours of closure are “just noise”

This was prompted by a tweet from Chance reporting a “fruitful conversation” with CEO Alex Ljung, saying that the site’s future was “bright”.TechCrunch reported on Wednesday, July 12, that SoundCloud executives allegedly informed staffers that the company only has enough cash to last “until Q4″, which begins in 50 days.There’s an insane amount of noise about SoundCloud in the world right now.”We’re on our path to profitability and in control of SoundCloud’s independent future”, co-founder Alex Ljung wrote in a blog post. Your music is safe. “And it’s just that, noise”. Despite their claims that these rumors were unfounded, Chance the Rapper was making a very public message that he was attending to the situation.”Big B’s” is short for big business, as Thug interjects at the beginning of the track, and it’s already surpassed 1.3 million plays in two days, which must be worth something in the streaming biz.Chance has often used SoundCloud as a place to share his music, and openly said that it was important in building his early career. SoundCloud is here to stay.Now, in its most recent attempt to make a comeback, Soundcloud has released a trailer for a six-part documentary series which will highlight growing music scenes throughout the world, including in London, Rio, Toronto, New York City, Berlin and Los Angeles.”Thank you for the outpouring of love and support”.The rapper, real name Chancellor Bennett, has since retweeted a string of fans comments relating to his new music on the streaming site.