Is Music Site Tidal Running Out of Money?
According to new reports, music streaming site Tidal may only have enough funds to last another six months. The Norwegian company has been bleeding money steadily after losing around $44 million in 2016. Original investors, including Jay-Z, have also lost over $60 million since they bought the service in 2015. However, Tidal says it expects to reach profitability by mid 2018.