How much is tidal valued at?

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the growing demand for digital assets. Its comprehensive suite includes spot trading, futures contracts, and a secure wallet solution. These services allow users to buy, sell, and manage their cryptocurrencies seamlessly.

In the year 2021, Jack Dorsey's firm, Block Inc., which was previously known as Square, made a significant move in the entertainment industry. The company announced its agreement to acquire Tidal, a streaming service, for a staggering amount of $306 million.

This acquisition not only expanded Block Inc.'s portfolio but also brought about a notable change in its leadership structure. As part of the deal, Jay-Z, a co-owner and a prominent figure in the music industry, was appointed as a board member of Block Inc.

The announcement sparked widespread curiosity and discussions among industry insiders and observers. Many questioned the rationale behind Dorsey's decision to acquire Tidal, given its relatively small size compared to other streaming giants like Spotify and Apple Music.

Some speculated that Dorsey might have been influenced or "finessed" into paying a premium price for Tidal. The acquisition amount seemed disproportionately high, especially considering Tidal's market share and subscriber base.