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Is Music Site Tidal Running Out of Money?

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Published on 02 Feb 2020 / In Music

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.

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