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> Why would a music streaming company and a financial services company join forces?! That's a good question and one that is poorly answered in his subsequent t
by bluedevil2k 6y ago
> Why would a music streaming company and a financial services company join forces?!
That's a good question and one that is poorly answered in his subsequent tweets. Seems like they're very different businesses without much overlap and if I was a Square shareholder I'd be upset that they're buying a music streaming business, especially one that's not even one of the top 3 streaming services. If Spotify bought Stripe or PayPal, we'd have questions about that too (yes, PayPal is too big to buy but go with the idea).
- dhagz 6y agoIn addition, I've always seen Square as more of a physical payment processor - I know they do online, but I think that headphone jack dongle was their big thing. I don't see how they can bring that to music, especially by acquiring TIDAL.
- bluedevil2k 6y agoPerhaps great irony, in the "Other Tweets" section below Jack's tweets I see this one from Paul Graham - "When startups are doing well, their investor updates are short and full of numbers. When they're not, their updates are long and mostly words."