Chance The Rapper Hints At Helping SoundCloud Following Reports The Streaming Service Faces Financial Troubles
(AllHipHop News) Chance The Rapper is one of the most high-profile celebrity endorsers of SoundCloud.
The Chicago emcee provided his critically acclaimed Coloring Book project on the service for free, and he gave a shout out to SoundCloud during his Grammy Award acceptance speech in February.
So it comes as no surprise that Chance is apparently looking to help the company fend off the possibility of having to shut down.
"I'm working on the SoundCloud thing," tweeted the "Blessings" performer on Thursday afternoon.
The message came after reports SoundCloud only has enough funds to make it through the fourth quarter of 2017, which is approximately 80 days from now.
Chance did not provide specific details on what he plans to do to help the Berlin-based streaming platform.
However, SoundCloud has issued a statement toVariety that reads in part:
Due to the extensive number of inaccuracies, we will only comment regarding funding and layoffs. To clarify, SoundCloud is fully funded into the fourth quarter. We continue to be confident the changes made last week put us on our path to profitability and ensure SoundCloud’s long-term viability. In terms of layoffs, it is our policy not to discuss individual employee cases, but we can share we continue to work with all employees who were let go to support them during this transition, with employment and financial assistance.
AllHipHop.com reached out to representatives of SoundCloud for further comment.
As of press time, we have not received a response from the company.