Trying to quash the rumors and speculation about Soundcloud’s future, Founder and CEO Alex Ljung posted the following statement yesterday on the Soundcloud blog:

SoundCloud is here to stay.
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 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. 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 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.

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.

Peace,
Alex

 

No question that everyone in the music industry hopes Soundcloud stays around for years to come but as it clearly is under some sort of financial pressures news in the near future that it may be bought by another company or merged would not be surprising to hear.