According to TMZ reports, on Friday, April 30, Jay-Z sold his digital streaming platform Tidal to Jack Dorsey, CEO of Square and Twitter.
Jay-Z made a profit of about $350 million. In 2015, turning the streaming platform Tidal, which was purchased for about $56 million, to $350 million in six years. Jay-z said, “Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future,” JAY-Z tweeted on March 4. “This shared vision makes me even more excited to join the Square board. This partnership will be a game-changer for many. I look forward to all this new chapter has to offer!”
Jack is one of the greatest minds of our times, and our many discussions about TIDAL’s endless possibilities have made me even more inspired about its future. This shared vision makes me even more excited to join the Square board.
— Mr. Carter (@sc) March 4, 2021
Square signed an 80 percent stake in Tidal and a license agreement with major record companies by buying Tidal’s shares for about $350 million. Jay-Z is making a lot of money this year. He sold half of his Spade Ace Champagne to LVMH and showed his growth as a businessman by trading the aforementioned Tidal with Square.