Square to aquire majority ownership in Tidal. Jay-Z joins board of Square
- Thread starter 904
- Start date
CashmereThoughts
Veteran
this is really the point here while nikkas is talking about he sold out because because group sold an asset for profitDamn. Jay-Z on the board of Square
Insensitive
Superstar
Two things.
1. I don't recall Jay-Z ever saying Tidal was a "black business", anyone who had a clue knew he bought ownership of a company
which started in europe.
2. This isn't a black bakery or corner store, this is a dude with a successful business that operates in multiple countries trying to
compete with venture capitalists and multi-billionaires. In that case, you inevitably have to secure more capital and partner with large companies
to even have a footing in the game.
It's not even just cringe worthy roll out, it was the first time someone whose actually in the music industry
didn't just roll over and let Big Tech take their lunch. Apple, Netflix, Google etc. are the way they are because
these media-centric industries didn't want to create their own infrastructure or worse they were too late to create
anything meaningful. Once Jobs made Itunes or the Spotify Folks created their solution, the major labels were already
way behind the ball. So I can see why he decided to find a way to get a company going
as soon as humanly possible. And instead of celebrating it, people destroyed this dude for even daring to try.
With that said, his moves make sense.
Is it better to spend billion on a start up or buy a business that's already operating ? Warrent Buffett would go with option #2.
Competing with larger companies ? (As mentioned Apple for example is a trillion dollar company with ridiculous revenue
and cash reserves....) inevitably you need additional cash infusion or even more experts in tech. So you partner with
a huge Fintech company (presumably to offer some kind of financial services on top of what Tidal already offers ?)
These moves from the outside looking in, aren't inherently bad.
For the other posters in this thread:
Jay-Z didn't partner with Square-Enix, he partnered with Square the huge Fintech company currently doing battle with paypal.
Last edited:
Breh know how to flip some shyt 
Formerly known as...
Collector
Props to Hov. I never got into Tidal after a few free trials but props to him. Rather he made it than another Cac Jew.
Dreamchaser
All Star
My guess is Tidal is probably worth anywhere from 400m to 600m. Square bought a majority stake so that could be anywhere from 50.1% to 100%. I don't understand the deal to be honest. Seems like a terrible synergy.
Why do y’all keep saying “synergy” in relation to this?
ajnapoleon
Veteran
U cant give him any props at all. No matter how small the props. Too short got a Vlad interview saying the Bay fukked with Reasonable Doubt in real time. Go to the comment section a dude was like “Short lying”.
Last edited:
This all seems weird. But ok.
Congrats on the flip. Everything else is suspect. I’ll leave it at that.