Congratulations are in order to Mr. Sean Carter. In today's "the rich get richer" news, a popular phone company just put money into Jay Z's music-streaming service, reportedly upping Tidal's valuation to around $250,000,000.
According to a report from the New York Post, Sprint and its parent company Softbank bought a minority stake in the business, making Tidal's value almost quadruple in less than a month. The "high fidelity music streaming" service was bought by Jay Z (the biggest shareholder) for $56 million in March and already has close to 100,000 subscribers.
