The past few weeks have been awash with rumours of SoundCloud’s demise due to a lack of funds, but SoundCloud are confident that they are here to stay.

SoundCloud have released a statement confidently letting everyone know that they don’t plan to go anywhere. The community-driven, music streaming giant has faced claims of a lack of funding that would see them shut down by the end of the year – but SoundCloud’s founder has revealed that he doesn’t plan on letting anything of the sort happen to his massively popular platform.

The company has also seen support from Chance the Rapper, who as an independent artist that up until recently hasn’t commercially released his music credits SoundCloud for his success. He claimed in a tweet that he is “working on the SoundCloud thing”.

SoundCloud founder and CEO Alex Ljung said in a statement:

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 is not 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.

Along with each of you, we’ve built this incredible creative community of artists, podcasters, DJs, producers and more who are the driving force in pushing culture forward in the world. That’s not going to change. Last week we had 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.


In more uplifting news SoundCloud have a bunch of free shows coming up in 6 different cities in a series of concerts they’re calling the “Next Wave”. They describe at as: “SoundCloud’s Next Wave documentary series journeys across six global cities in six months to explore communities of emerging scenes that are embracing the service to connect, collaborate and create a new musical landscape.”