Square Makes Ludicrous Acquisition of Music Streaming Service Tidal 🧐

Square Acquires Tidal:
Square Inc, an American fintech company offering merchant services and a mobile payments platform, has announced they will be acquiring Multi-Platinum rapper Jay-Z's failed music streaming service Tidal. Alex discusses this bizarre acquisition in which Jay-Z will be added to Square's board of directors. He looks at the gargantuan market cap discrepancy between Tidal and leading music streaming service Spotify and is perplexed as to any way Tidal could be competitive in this matured market.

This is an excerpt from episode 147 of Winner Take All. Watch the full episode here: https://youtu.be/T3laDgo4nCg

Originally Aired: 03/05/21
#Fintech #Tidal #Square
—

📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC

❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/

🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall

At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
Square Acquires Tidal