The SoundCloud Twitter account also confirmed that they are not planning to go anywhere. "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. Not in 50 days, not in 80 days or anytime in the foreseeable future".
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. Despite laying off 40 percent of its staff, a spokesperson for SoundCloud said they are fully funded into the fourth quarter as they make changes to ensure the company's long-term viability. Chance later followed up that he had a "fruitful conversation" with Ljung and that SoundCloud is "here to stay". "@SoundCloud is here to stay", he tweeted.
Chance The Rapper Dropped A New Young Thug Collaboration On Soundcloud
Chance the Rapper just debuted a new track with Young Thug on music streaming service Soundcloud, amid rumors the site could be shutting down. "Your music is safe", he wrote. Exiting team members wanted to know why they weren't warned, while those who survived the cuts wanted assurance that the cost reductions would keep the company afloat for the long-run. 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.
New Security Arrangements for Temple Mount
Hussein was released later in the day without charge after being questioned over his call for Muslims to come to Jerusalem. Israeli police spokesman Micky Rosenfeld said three armed assailants with guns and knives targeted police, CNN reported .