Jay-Z and Jack Dorsey Aren't Playing Around

To investors,

Jack Dorsey announced this morning that Square will be acquiring a majority stake in TIDAL, the music streaming service that Jay-Z and other artists acquired in 2015. As part of the deal, Jay-Z will be joining Square’s board of directors.

First, let’s take a look at the TIDAL component of the deal. Jay-Z and a syndicate of other entertainers…