Soundcloud may be on its knees but Chance the Rapper says it's

Soundcloud may be on its knees but Chance the Rapper says it's

Soundcloud may be on its knees but Chance the Rapper says it's

Upon hearing the news, Chance the Rapper, who has benefitted greatly from SoundCloud's support, went on his Twitter account to inform fans that he looking into the situation.

The three-time Grammy victor also asked fans to shout-out the music they discovered on SoundCloud through the years.

In a blog post posted to the company's website, CEO Alex Ljung tried to reassure users and musicians alike that 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".

Last week, SoundCloud said it was firing 173 staffers and closing its London and San Francisco offices to focus on Berlin and NY. Last week we had to make some tough decisions to let go of some of our staff, but we did this to ensure SoundCloud remains a strong, independent company.

And SoundCloud - which said three years ago it had an audience of 175 million, a figure it has not updated - lacks either Spotify's large base of paying subscribers or the deep pockets of Apple and Amazon that can subsidise their music services.

China's economy posts steady growth but risks remain
Data from NBS showed that industrial output climbed 7.6% annually, faster then the 6.5% increase logged in the prior period. The National Bureau of Statistics will now including contributions from healthcare, tourism and the "new economy".

In any case, as a tool to discover new music, SoundCloud is valuable because it provides the lowest barrier for entry for emerging musicians (which, on one hand, can produce this monstrosity, but on the other hand, can also seed vibrant hiphop counter-movements like 'SoundCloud rap').

Ljung's post comes after a hard period for SoundCloud. Your music is safe.

Listen to Chance's new song below...

This was followed by tweets from SoundCloud themselves saying, "*airhorn* Spread the word: "your music isn't going anywhere.

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