In Reply to: RE: Tide going out on Tidal? posted by PAR on September 13, 2016 at 15:42:49:
I don't think Amazon and Tidal are comparable.
Amazon lost money for years because Bezos was aggressively reinvesting profits. Amazon had lots and lots of sales, they were just also buying up as much as they could.
By contrast, Tidal seems to be having major cash flow problems. As per the article: "Tidal has also received around a hundred payment default records since Jay-Z bought the company through his holding group Project Panther Bidco for $56 million in March 2015." Yeow! That averages a complaint every week and is evidence that Tidal is struggling to pay its bills. It appears that there simply aren't enough people out there willing to pay for what Tidal is selling. It's hard to see how Tidal is going to maintain the status quo, much less expand. I'm not saying they are down and out, but they are either going to have to lower their costs or make their product more desirable.
Any thoughts on how they can do either?
JE
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Follow Ups
- RE: Tide going out on Tidal? - Jaundiced Ear 22:02:29 09/13/16 (1)
- RE: Tide going out on Tidal? - DrN 04:58:05 09/14/16 (0)