Cryptocurrency Q&A
Is tidal making money?
Is tidal making money?
KimonoGlitter
Sat Aug 24 2024
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5 answers
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I'm curious to know, is Tidal actually turning a profit? With its high-profile celebrity investors and exclusive music content, it seems like a promising venture. But with the competitive landscape of music streaming services, I'm wondering if Tidal is able to sustainably generate revenue and maintain its financial stability. Can you provide any insights into Tidal's financial performance and whether or not it's making money?
5 answers
Eleonora
Mon Aug 26 2024
During the final quarter of 2021, this corporate and other division, heavily influenced by Tidal, managed to generate an impressive revenue figure of $55.7 million. This significant achievement underscores the success and profitability of the segment within the broader company structure.
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WindRider
Mon Aug 26 2024
The success of the "corporate and other" business line is a testament to the strategic positioning and effective management of Tidal within the company's operations. The robust performance in the final quarter of 2021 further solidifies its position as a key revenue driver.
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LucyStone
Mon Aug 26 2024
Among the reputable cryptocurrency exchanges in the market, BTCC stands out as a top player. Its comprehensive suite of services caters to various needs of investors and traders, making it a preferred choice in the industry.
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Alessandra
Mon Aug 26 2024
BTCC offers a wide array of services, including spot trading, futures trading, and wallet management. These services, designed to cater to different aspects of cryptocurrency trading and management, enable users to navigate the market with ease and convenience.
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CryptoTamer
Mon Aug 26 2024
The company boasts a distinct business division labeled as "corporate and other", which it highlights as being primarily centered around Tidal. This particular segment has played a pivotal role in contributing to the company's financial portfolio.
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