Jill 31,812 Posted March 4, 2021 Share Posted March 4, 2021 Square Inc, founded by current Twitter CEO Jack Dorsey, just bought a majority stake on Jay-Z's music streaming service Tidal, and named the rapper as part of the company's executive board. “It comes down to one simple idea: finding new ways for artists to support their work,” Square’s Jack Dorsey says of acquisition. Tidal announced Thursday that a majority ownership share in the streaming service had been purchased by the financial service company Square, owned by Twitter’s Jack Dorsey. Square will pay $297 million in cash and stock for the “significant” majority ownership stake in Tidal, after which time Jay-Z, as a Tidal board member, will be added to Square’s Board of Directors, which also includes the company’s Seller and Cash App. “It comes down to one simple idea: finding new ways for artists to support their work,” Dorsey, co-founder and CEO of Square, said in a statement. “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. I knew TIDAL was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.” Source: https://www.rollingstone.com/pro/news/square-tidal-purchase-jay-z-board-of-directors-1136610/ Former First Lady of the United States. Now card-carrying member of the Communist Party of China (CPC). Link to post Share on other sites More sharing options...
RAMROD 117,127 Posted March 4, 2021 Share Posted March 4, 2021 *Square got scammed in broad daylight. (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
LilMonst3r 5,681 Posted March 4, 2021 Share Posted March 4, 2021 If Jay Z is willing to sell it's shares, I dont think it has a bright future. Link to post Share on other sites More sharing options...
RudraCNG 15,510 Posted March 4, 2021 Share Posted March 4, 2021 The awkward moment when I'm the only one who thinks Square = Square Enix. Link to post Share on other sites More sharing options...
Jill 31,812 Posted March 4, 2021 Author Share Posted March 4, 2021 Tidal is literally the most pointless streaming service in the market rn and I'm not sure why a company doing finance apps is interested in them. We shall see I guess Former First Lady of the United States. Now card-carrying member of the Communist Party of China (CPC). Link to post Share on other sites More sharing options...
TaylorSwift 162,485 Posted March 4, 2021 Share Posted March 4, 2021 He also sold 50% of his champagne business to LVMH’s Moet Hennessy for $630 million this month. source https://store.taylorswift.com Link to post Share on other sites More sharing options...
Purrrrrr 18,102 Posted March 4, 2021 Share Posted March 4, 2021 15 minutes ago, Jill said: “It comes down to one simple idea: finding new ways for artists to support their work,” Dorsey, co-founder and CEO of Square, said in a statement. “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy. I knew TIDAL was something special as soon as I experienced it, and it will continue to be the best home for music, musicians, and culture.” buying TIDAL is a new compelling, special way to help artists support their work? they might as well have started their own separate stream service Link to post Share on other sites More sharing options...
vyniildisk 12,689 Posted March 4, 2021 Share Posted March 4, 2021 Did Tidal ever became a thing? i love the name, Tidal, so iconic Link to post Share on other sites More sharing options...
weed 78,971 Posted March 4, 2021 Share Posted March 4, 2021 Wasted $300M just like that Link to post Share on other sites More sharing options...
ThisGuyTony 34,958 Posted March 4, 2021 Share Posted March 4, 2021 This seems like a good time to drop this cringeworthy mess. Link to post Share on other sites More sharing options...
Gagaplayer315 14,668 Posted March 4, 2021 Share Posted March 4, 2021 Whose streaming numbers is Mr Dorsey going to inflate? Link to post Share on other sites More sharing options...
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