Jay Z’s Got 99 Problems and Tidal Is One of Them – After Only 2 Months, Company Loses Interim President

Kanye West (L) and JAY Z onstage at the Tidal launch event #TIDALforALL at Skylight at Moynihan Station on March 30, 2015 in New York City.
JAMIE MCCARTHY/GETTY IMAGES

All of those think pieces predicting how Jay-Z and Tidal’s ‘artist partners’ were going to have a difficult time convincing people to shell out $20 for yet another streaming music service, might have been on to something.

That is if you consider how the second person to hold the position of CEO is exiting stage left. Mind you, the company was formally introduced to the public by Jay-Z and Co. only about three months ago. In that short time, a man by the name of Andy Chen stepped down as its CEO and on Tuesday, the company announced that the guy brought in to replace him (albeit as the interim president), Peter Tonsad, stepped down as well.

There’s some online bickering between Tonsad and Tidal—vis-à-vis third parties—about whether Tonsad chucked the deuces by quitting, or, if he got fired. Either way, it’s not a good look that there’s so much transition and instability at the fledgling company.

Jay-Z kicked a dope freestyle in May about black people’s hesitancy to embrace African-American-led tech companies, and how the powers-that-be are spending millions to discredit Tidal. Here’s hoping that he can pull it together if he really believes in this product.

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Source: The Root | DIANA OZEMEBHOYA EROMOSELE