The fintech company said it’s paying 297 million for a. Each session also has audience participation built-in - there’s ample time included for audience questions and discussion. Square (SQ), the payments company founded and run by Twitter CEO Jack Dorsey, announced Thursday it has agreed to acquire a majority stake in Jay-Z’s Tidal platform. Square (NYSE: SQ), the largest holding in the ARK Fintech Innovation ETF (NYSEARCA: ARKF), made waves last week with a new investment. We’ll cover every aspect of company building: Fundraising, recruiting, sales, product market fit, PR, marketing and brand building. You’ll hear firsthand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios. But the deal is cheap, snagging Jay-Z as a leader is a win and it's hard to win by only playing corporate defense.Įarly Stage is the premier "how-to" event for startup entrepreneurs and investors. On Thursday, Dorsey announced Square was taking a majority stake in Tidal, the music-streaming service backed by Jay-Z, for 297 million. Perhaps the Square-Tidal deal won't generate the future growth that Square imagines. If the answer is yes, Square could now be in a leading position to create that market. If there is space in the market for Square to bring music-based NFTs to its larger consumer user base is an interesting question. Given that Square has a growing cryptocurrency business via Cash App, and has invested hundreds of millions of dollars into bitcoin itself. And having Jay-Z at the Square boardroom table will hardly make the company less innovative he may bring fresh perspective.Īnd then there's the question of NFTs, or non-fungible tokens, a new form of digital asset that have recently become the cause célèbre of the cryptocurrency community. You can imagine tie-ups between the music company and the youth-skewing Cash App audience. The deal turns over the majority of the shares of TIDAL to Square, thus fully releasing Hova of all financial responsibilities of the app. ![]() Square has a known win in its consumer-focused Cash App service, which reached 36 million monthly actives in December of 2020, up from 24 million in the same period one year prior. According to Rap-Up, the hip hop great-turned-business mogul has finalized the deal to sell the streaming service to the Jack Dorsey-owned Square for a hefty 302 million. ![]() In its most recent quarterly earnings report, "in-person only" usage is falling as a percentage of seller gross payment volume (GPV), while "online only" and "omnichannel" GPV are taking up the slack. The Empire State of Mind artist started shopping Tidal two years after he bought it for 56 million in 2015, thinking he could get 1 billion for it, the exec said. Square's business users, its "seller ecosystem," as it likes to call it, are increasingly digital. (Reuters) - Payments firm Square Inc agreed on Thursday to buy a majority stake in rapper Jay-Z's Tidal music streaming service for 297 million in a deal that could popularize blockchain or.
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