jack Profile picture
4 Mar, 9 tweets, 3 min read
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?!
It comes down to a simple idea: finding new ways for artists to support their work. New ideas are found at the intersections, and we believe there’s a compelling one between music and the economy. Making the economy work for artists is similar to what Square has done for sellers.
Square started 12 years ago by giving small sellers a simple tool in order to participate more fully in the economy and grow. We did the same for individuals with Cash App, which now enables a comprehensive set of financial services for folks who weren’t able to access it before.
TIDAL started with the idea of honoring artists by being artist-owned and led, focused on an uncompromised experience of the art. It's refreshing and right. The vision only grows stronger as it’s matched with more powerful tools for artists, inclusive of new ways of getting paid.
Given what Square has been able to do for sellers of all sizes and individuals through Cash App, we believe we can now work for artists to see the same success for them, and us. We’re going to start small and focus on the most critical needs of artists and growing their fanbases.
Square created ecosystems of tools for sellers & individuals, and we’ll do the same for artists. We’ll work on entirely new listening experiences to bring fans closer together, simple integrations for merch sales, modern collaboration tools, and new complementary revenue streams.
To all of TIDAL's current listeners and fans: THANK YOU for your loyalty and commitment to artists and their work. TIDAL will continue to be the best home for music, musicians, and culture. Our commitment to you is to constantly listen, learn, and work to make a service you love.
I’m grateful for Jay’s vision, wisdom, and leadership. I knew TIDAL was something special as soon as I experienced it, and I’m inspired to work with him. He'll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes.
More from us soon. In the meantime, here’s a playlist from Jay/@sc celebrating artists and the entrepreneurial spirit: tidal.com/playlist/c9961…

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More from @jack

14 Jan
I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we’d take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter. Was this correct?
I believe this was the right decision for Twitter. We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all.
That said, having to ban an account has real and significant ramifications. While there are clear and obvious exceptions, I feel a ban is a failure of ours ultimately to promote healthy conversation. And a time for us to reflect on our operations and the environment around us.
Read 13 tweets
17 Nov 20
Thank you members of the Judiciary Committee for the opportunity to speak with the American people about Twitter and your concerns around censorship and suppression of a specific news article, and generally what we saw in the 2020 US Elections conversation.
We were called here today because of an enforcement decision we made against the @NYPost, based on a policy we created in 2018 to prevent Twitter from being used to spread hacked materials. This resulted in us blocking people from sharing a @NYPost article, publicly or privately.
We made a quick interpretation, using no other evidence, that the materials in the article were obtained through hacking, and according to our policy, blocked them from being spread. Upon further consideration, we admitted this action was wrong, and corrected it within 24 hours.
Read 14 tweets
28 Oct 20
Thank you members of the Commerce Committee for the opportunity to speak with the American people about Twitter and §230. My remarks will be brief to get to questions. §230 is the most important law protecting internet speech. Removing §230 will remove speech from the internet.
§230 gave internet services two important tools. The first provides immunity from liability for user’s content. The second provides “Good Samaritan” protections for content moderation and removal, even of constitutionally protected speech, as long as it’s done “in good faith.”
That concept of “good faith” is what’s being challenged by many of you today. Some of you don’t trust we’re acting in good faith. That’s the problem I want to focus on solving. How do services like Twitter earn your trust? How do we ensure more choice in the market if we don’t?
Read 11 tweets
30 Jul 20
The most incredible aspect of the internet is that no one person or organization controls it: the people make it what it is every day. That ideal is constantly under threat, especially today. We commit as a company to fighting for an #OpenInternet.
The power of the internet is only as good as the power it gives to individual people. The more we do to advance that, the stronger it becomes. This underlies all else. But there are two emergent and growing threats.
The first is a number of large organizations effectively building walled-garden alternative internets, sustained by favorable regulation, and thus killing competing ideas and organizations that could be better for society.
Read 6 tweets
18 Jun 20
More #startsmall grants. We’ve now granted over $146m.

The original $1B moved to LLC now has over $1.6B.

Tracking here: docs.google.com/spreadsheets/d…
$1.6m to @codetenderloin to support support Code Tenderloin’s Calming the Corner street pop-up providing immediate and on the ground needs in the Tenderloin of San Francisco. codetenderloin.org
$1.7m to @antiviolence to support the AVP 24/7 Spanish/English crisis intervention hotline nationally and launch text and chat, and provide assistance for undocumented LGBTQ immigrants with emergency support. avp.org
Read 6 tweets
11 Jun 20
More #startsmall grants. $134m total granted.

Working on getting help to be more proactive and have a general intake form that doesn’t lean on my network or established orgs that have already done the work.

The tracking sheet, and recent orgs: docs.google.com/spreadsheets/d…
$200k for @SafePlace4Youth to help mitigate the impact of COVID-19 on homeless and at-risk youth in Los Angeles. safeplaceforyouth.org
$75k for @TeenHealthMS to support the urgent needs of Mississippi youth disproportionately impacted by COVID-19 by providing a variety of assistance options, including: housing, nutrition, childcare, transportation, medical, and school supply assistance teenhealthms.org
Read 9 tweets

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