Cash App Records?! – The Joe Budden Podcast’s reaction to Jay Z’s $297m deal with Square.

When Square, the leader in mobile payments co-founder by Twitter’s Jack Dorsey, announced their acquisition of Tidal, it became the discussion for many tech and music fans.

Square is acquiring a majority ownership stake in TIDAL through a new joint venture, with the original artists becoming the second largest group of shareholders, and JAY-Z joining the Square board. Why would a music streaming company and a financial services company join forces?!

— jack (@jack) March 4, 2021

On episode 421 of The Joe Budden Podcast, they cover some of the main topics of conversation surrounding the deal.

The reported sale price for Tidal was a tidy $297m, a stellar profit from the reported $56m it was bought for some 5 years ago. While it is easy to get stuck on the particulars of the numbers, one of the best points raised was why no one asked for an extra $3m, making the sale price a round $300m! Joe’s right, it hurt the eyes and read funny to us too. Listen below to this part in full.

In the tweet above posted by Jack Dorsey, he announces that this deal will put Jay Z on the board at Square and this was celebrated by Mal. Listen below.

There’s a lot of intrigue regarding what this means going forward, Rory gives some insight to what he thinks, including a potential “Cash App Records”. Obviously they refer to their sponsor Cash App as “the best app in the world”. We have it second.

Listen to the full conversation below