Classics Jay-Z Sells Majority Stake In Tidal To Twitter Boss, Jack Dorsey
Toto Wolff: Mercedes three-year contract is "a misunderstanding"
© Motorsport Images Toto Wolff has signed a new contract as team boss until the end of 2023 On Friday, the Mercedes team announced the new ownership structure, in the course of which the Daimler Group has almost halved its commitment from 60 percent to now 33.3 percent. At the same time it was confirmed that Toto Wolff will lead the operative business of the company and the racing team for a further three years as "team boss and managing director", as it is worded in the related press release.
Jay-Z To Join Board Of Directors Of Jack Dorsey's Square Payments Company After Selling "Significant" »Controlling stake in its music streaming platform Tidal to the tech mogul and his associates.
With the deal, estimated to be worth $ 297 million, Square executives hope to extend the organization's "financial empowerment goal" to musicians and help establish new revenue streams by selling directly to the fans.
Jay-Z relaunched the Norwegian streaming platform Aspiro as Tidal in 2015 after partnering with other artist owners like Beyoncé, Alicia Keys, Rihanna, Nicki Minaj, Madonna and Kanye West to acquire the mark for $ 56 million.
Twitter boss Dorsey sees blocking of Trump's account as a "dangerous" precedent
Twitter boss Jack Dorsey has backed the blocking of US President Donald Trump's Twitter account and at the same time spoke of a "dangerous" precedent. Twitter made the right decision, Dorsey wrote on Wednesday in a series of tweets. At the same time, however, a precedent is being set which he regards as "dangerous", added Dorsey. He referred to the "power of an individual or a company over the global public debate".
Announcing the new partnership in a statement shared on Twitter, the rap star wrote: “I said from the start that Tidal is not all about streaming music, and six years later it is. remained a platform that supports artists at every stage of their career. Artists deserve better tools to help them in their creative journey ”.
He went on to reveal that he and Jack Dorsey, who is also the CEO of Twitter, "had many discussions about the endless possibilities of Tidal that made me even more inspired about his future."
"I knew Tidal was something special as soon as I used it, and it will continue to be the best home for music, musicians and culture," said the boss of the social network.
This is the latest business partnership between Jay-Z, real name Shawn Carter, and Jack Dorsey - they also recently teamed up to donate $ 24 million to fund bitcoin development in African and Indian countries.
Etherum killer makes serious: Cardano (ADA) brings Smart Contracts from May .
on the virtual conference Cardano360 has announced the Etherum co-founder and current Cardano boss Charles Hoskinson, already in May for a serious alternative to Etherum as de-fi To become a platform. © Diamond Visuals / Shutterstock Cardano. Charles Hoskinson occurs on the gas pedal. After his blockchain Cardano has recently been recorded with the token ADA in Important Trader Tools , including CoinBase Pro and the Bloomberg terminal, he apparently wants to use the momentum.