Chance The Rapper has cryptically said that he has saved SoundCloud

Brown  Getty Images

Brown Getty Images

Struggling music streaming service SoundCloud has rubbished claims that the company could be shutting up shop, amid reports that it only has enough money to last until the fourth quarter of this year.

The 24-year-old musician and Young Thug dropped "Big B's" on the site, just days after the company was forced to lay off nearly 40 percent of its staff.

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Chance has often used SoundCloud as a place to share his music, and openly said that it was important in building his early career. Chance later followed up that he had a "fruitful conversation" with Ljung and that SoundCloud is "here to stay". "Your music is safe", he wrote.

Sparked by what seems to a deceptive account of overnight success to some, Chance The Rapper's authenticity as an "independent artist" and his image as a positive force in Hip-Hop has been a topic of much debate as of late.

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In a series of tweets and words from Ljung himself, the news that SoundCloud will not be going extinct reverberated through the Internet with many hailing Chance as the site's savior. "As an active member of the SoundCloud community, Chance connected with co-founder and Chief Executive Officer, Alex Ljung, to inquire about the rumors and speculation circulating", a company spokesperson told TechCrunch in a statement today.

The musician tweeted on Thursday: "I'm working on the SoundCloud thing."

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