Block scales back TIDAL investment and shutters TBD in
1 day ago · Jack Dorsey’s Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a ...
Block confirms: ‘We are scaling back our investment in Tidal’
6 hours ago · Those founder-artists cashed out in 2021 when Block (called Square at the time) paid $237.3m for an 86.2% stake in Tidal. By February 2024 Block was reporting a ‘goodwill impairment charge’ relating to Tidal of $132m, suggesting that it had considerably overpaid in a deal that in 2023 was infamously described by a judge – ruling on a ...
Block Bulls Charge Into Q3 As Cathie Wood Sells, Dorsey
1 day ago · Block Bulls Ride High as Ark Sells, Dorsey Restructures Tidal. Cathie Wood 's Ark Invest recently sold 31,771 shares of the BitcoinBTC/USD — focused Block, valued at approximately $2.5 million ...
Block Announces Third Quarter 2024 Results - Yahoo Finance
1 day ago · Block, Inc. (NYSE: SQ) (formerly, Square, Inc.) is a global technology company with a focus on financial services. Made up of Square, Cash App, TIDAL, and TBD, we build tools to help more people ...
Jack Dorsey's Square to Invest More on Bitcoin Mining, Self
17 hours ago · Jack Dorsey's payment firm Block ... Bitcoin mining was an industry he pledged while campaigning to foster — likely welcomed news to a ... "We are scaling back our investment in TIDAL and ...
Block Announces Third Quarter 2024 Results - Nasdaq
19 hours ago · Block, Inc. is a global technology company with a focus on financial services. ... Cash App, TIDAL, and TBD, we build tools to help more people access the economy. Square makes commerce and ...
Jack Dorsey hits Tidal with another mass layoff: “We need
Oct 30, 2024 · Jack Dorsey told staff at music streaming app Tidal that they’re in for another mass layoff. The CEO of Block, which owns the music streaming platform, said in a note to staff Wednesday morning...
Block Discloses $132.3M Tidal 'Goodwill Impairment Charge'
Feb 23, 2024 · Block has identified a $132.3 million 2023 goodwill impairment charge for Tidal, which it bought in 2021 for around $300 million.
TIDAL: What's Next for the Streaming Company - Billboard
Dec 8, 2023 · Instead of going head-to-head with behemoths like Spotify, TIDAL's new owner, Jack Dorsey's Block, with Jay-Z's involvement, is building the equivalent of Cash App for emerging artists.
Tidal is cutting 10% of its staff as parent company Block seeks to ...
Dec 7, 2023 · Music streaming service Tidal is laying off more than 10% of its staff, the company confirmed to TechCrunch. The move comes as Tidal’s parent company, Jack Dorsey’s Block, recently told ...
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