Quantcast
Investment Win: Rihanna, Nicki Minaj & Beyoncé All Land An $8.9M Bag From Jay-Z’s Latest Money Move

Investment Win: Rihanna, Nicki Minaj & Beyoncé All Land An $8.9M Bag From Jay-Z’s Latest Money Move

He has sold his majority stake of the company, meaning all our girls cash in on their piece of the pie.

Business

Twitter co-founder Jack Dorsey, is scheduled to buy Jay Z's streaming platform, Tidal. In a $297M deal, Dorsey, who is also the CEO of Square, has acquired a majority stake in the service in a bid to expand his mobile payment company's tools to emerging and established artists, and Tidal will now operate independently within Square.

This means, that with the 3 percent equity awarded to all 16 artist owners for bringing exclusive material to the platform, each cash in on an $8.91M bag. 

An $8.91M bag. *Randy Watson stomps*

This bunch includes Beyonce, Rihanna, Alicia Keys, and Nicki Minaj--the only black women who are artist owners in the deal.

Additional components of the deal are, in very Jay Z-esque fashion, Jigga joining Square's board of directors, which will coincide with the recent fund he and Dorsey launched in February to "make bitcoin the internet's currency."

And in a rare move, Carter took to, of course, Twitter, to publicly address the deal:

And true to society, people hopped on the world wide web to react:

Some broke it down for the public:

Twitter

Others were excited Jay was tweeting:

Twitter

But mostly, we all thought, “he’s a business...man!”

Twitter

--

Neither of our girls have publicly addressed the sale, but we're sure they have something up their sleeve to celebrate this investment. Rihanna is coming off of a March 1 Savage launch, Nicki is dealing with personal issues while balancing being a new mom, and Beyonce has us all waiting by the mailbox for our Ivy Park boxes.

But personally, of the streaming wars, I've always rocked with Tidal (because it belong(ed) to the black guy), so I'm excited to see the direction it goes from here!

Are you a member of our insiders squad? Join us in the xoTribe Members Community today!

Feature image by Giphy

7 Ways To Establish A Mental Connection Long Before You Enter The Bedroom

I am not a casual sex type of person. I love dick but I love an emotional connection more. Now, don’t get me wrong, I’ve tried it once or twice but ultimately sex is better when I have a connection–the penis just feels better. However, pop culture would have you believe that when you meet someone, it’s automatic lust at first sight. You’re supposed to not be able to keep your hands off of each other due to all the sexual tension. Well in reality, especially in my life, that’s not how it works. I need a little more than physical attraction to get my juices flowing.

Keep reading...Show less
The daily empowerment fix you need.
Make things inbox official.
5 Things We’ve Learned About Quinta Brunson’s Morning Routine

Emmy award-winner Quinta Brunson is keeping busy thanks to her popular ABC sitcom Abbott Elementary. And so her schedule requires her to wake up around 5 a.m. for work which may vary from going to set to promo runs. Quinta gave her fans a peek at her morning routine with Elle Magazine’s series Waking Up With.

Keep reading...Show less
La La Anthony On Her Self-Care Routine And The One Person She Calls For Advice

La La Anthony knows all too well how important having a self-care routine is and it’s all thanks to her bestie Kelly Rowland. The BMF actress has always been admired for her beauty but that doesn’t mean she took the time to invest in her skincare routine. Not until she became friends with the “Coffee” singer.

Keep reading...Show less
This Is How Each Zodiac Sign Pairs With Libra In Matters Of The Heart

Libra is the definition of love. They are ruled by Venus herself, the planet of love, and they put a lot of focus on this area of their life as well. A Libra in a relationship is one of the best partners to have, as they put their relationships first in life. They provide a lot of value and care into their relationships, and love itself means everything to them. They love the feeling of being in a partnership with someone and mirroring each other and are the example of two becoming one. With Venus being the planetary ruler of both Libra and Taurus, Libra effortlessly matches Venusian energy. Venus is all about love, beauty, harmony, sex, creativity, and attraction. The power of attraction for Libra is strong, and this is a flirty sign that doesn’t have a problem meeting someone or attracting love into their life.

Keep reading...Show less
CULTURECON Was The Ultimate Creative Homecoming And Then Some

CULTURECON started as an idea birthed in founder Imani Ellis’s one-bedroom Harlem apartment. Back in 2016, Ellis and 10 of her friends dreamed of cultivating a community built on supporting one another’s dreams and assembling a collaborative space for other creatives to increase engagement. Now, seven years later, the conference serves as one of the leading cultural events of its time.

Keep reading...Show less
Exclusive Interviews
Latest Posts