<story><title>Square acquires majority of Tidal in $297M deal</title><url>https://www.nytimes.com/2021/03/04/business/media/tidal-square-jay-z-dorsey.html</url></story><parent_chain><item><author>simonsarris</author><text>Remember, Square has a stake in Eventbrite. They now have a stake in the full ecosystem of music artists: Streaming, performances, and soon merch, of course.&lt;p&gt;It&amp;#x27;s a side ecosystem just like restaurants (Square has had a stake in Doordash after selling Caviar to them). Today, Square for Restaurants also released in Canada.&lt;p&gt;As a SQ investor I&amp;#x27;m not &lt;i&gt;crazy&lt;/i&gt; about this play but I see the long term reasoning. I also think JAY-Z might help with Cash App although its booming on its own and very much has the rapper demographic already (there are no shortage of songs and albums named Cash App for a reason).</text></item></parent_chain><comment><author>xivzgrev</author><text>Curious why does square want a stake in the ecosystem of music artists?&lt;p&gt;Even eventbrite didn’t need square readers, people mostly buy their tickets in advance. Maybe it’s for event organizers to upsell at the event to attendees?&lt;p&gt;Maybe this is a play to demonstrate investment in black community, as someone else mentioned?</text></comment>
<story><title>Square acquires majority of Tidal in $297M deal</title><url>https://www.nytimes.com/2021/03/04/business/media/tidal-square-jay-z-dorsey.html</url></story><parent_chain><item><author>simonsarris</author><text>Remember, Square has a stake in Eventbrite. They now have a stake in the full ecosystem of music artists: Streaming, performances, and soon merch, of course.&lt;p&gt;It&amp;#x27;s a side ecosystem just like restaurants (Square has had a stake in Doordash after selling Caviar to them). Today, Square for Restaurants also released in Canada.&lt;p&gt;As a SQ investor I&amp;#x27;m not &lt;i&gt;crazy&lt;/i&gt; about this play but I see the long term reasoning. I also think JAY-Z might help with Cash App although its booming on its own and very much has the rapper demographic already (there are no shortage of songs and albums named Cash App for a reason).</text></item></parent_chain><comment><author>chanmad29</author><text>It all seemed rather incoherent without this knowledge.</text></comment>