Source: Thomas Trutschel / Getty The business world is shifted once again, most especially within the realm of music and content streaming. It was announced today (March 4) that Square has obtained a majority stake of TIDAL and will name Shawn “Jay-Z” Carter to its board of directors. By way of a press release issued by Square, the new deal states that Square will pay a combination of cash and stacks for a total of $297 million, putting the company founded by Twitter co-founder Jack Dorsey smack dab in the middle of the streaming wars. TIDAL will still operate as an independent entity according to the announcement. The release goes on to detail that Square is hopping into this space as a means to empower musicians and all connected individuals within that space in order to facilitate payme...
Source: Victor Boyko / Getty Want to feel broke this beautiful day? Then come gaze at Page Six’s paparazzi photos of Jack Dorsey summering with The Carters during their family vacation. Last week, Jay-Z and Beyoncé chartered a small yacht to ride through the “luxe waterways” of The Hamptons. Onboard to join the couple was Dorsey, who we imagined earned imaginary stripes to share air with unicorn twins Rumi and Sir. We rarely see their offsprings in the first place, so that says a lot. It’s not clear if this trip was for business or pleasure, but the photos suggest that it was at least a bit of both happening– one of the giveaways was catching Roc Nation executive Jay Brown lounging with the crew. Plot twist: Jay Z and Jack are working to incorporate Tida...
Twitter: Donald Trump ban permanent, even if he runs for office again
Former President Donald Trump will not be returning to Twitter at any point in the future, according to the company’s chief financial officer. In an interview with CNBC’s Squawk Box program on Wednesday, Twitter CFO Ned Segal said that running for public office again would not reverse the ban the company handed out to Trump in the aftermath of the US Capitol riot on January 6th. The question is relevant considering Trump’s ongoing impeachment trial. A central question in the trial is whether Democrats can bar Trump from running for president again in 2024 or seeking other public office. Regardless of the outcome, the @realDonaldTrump will still remain suspended for good, Segal said. “The way our policies work, when you’re removed from the platform, you’re removed from the...