The site always had financial issues from what I know ever since I started using it. However, claims that they only have enough for a little over a month is not entirely true. While I don’t believe SoundCloud is going to last very long, I don’t think it’s going to shut down that soon either.
Whatever happens, I’m prepared for it either way. I never delete anything I post on here. My hard drive may suffer, but that’s why external hard drives exists lol. Of course, it will take a while for me to replace the ones are linked to the site when the time comes.

