Some of you Higher Learning Coli intellectuals may find this interesting. I'm only posting a portion of the article. 
Jack Dorsey's '$300 Million Bar Tab' To Rub Shoulders With Jay-Z Results In Lawsuit
Jack Dorsey backs Robert F. Kennedy Jr. for president
Caleb Naysmith
Wed, June 14, 2023
Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a modest 2% ownership of the company’s outstanding equity, equivalent to approximately 18 million shares. Dorsey's pre-tax earnings from the Twitter sale amounted to $978 million.
Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families
The true source of Dorsey's wealth lies in his involvement with Block Inc., a renowned payments company originally known as Square. As one of the co-founders, Dorsey's ownership of 43 million shares in Block has proven immensely lucrative. With the current share price standing at $64, Dorsey's stake is estimated to be valued at around $2.75 billion.
At present, Dorsey's net worth is $4.4 billion. Like many tech billionaires, he leverages his wealth to engage in ventures that many would deem "cool." While this type of investing is commonly used by tech billionaires, retail investors have also begun investing in startups through equity crowdfunding.
According to some business analysts and disgruntled Block shareholders, his acquisition of Tidal, Jay-Z's music streaming service, was nothing more than a "$300 million bar tab to hang out with Jay-Z."
On March 4, the world was taken aback when Block announced its agreement to acquire Tidal for $306 million. The news broke through a tweet from Dorsey that showcased a seemingly casual photo of him and Jay-Z enjoying each other’s company in a Hamptons, New York, mansion at the crack of dawn. The tweet expressed Dorsey's gratitude for Jay-Z's vision and leadership and stated his excitement about working together.
At 5:04 a.m., Dorsey tweeted, "I’m grateful for Jay's vision, wisdom and leadership. I knew TIDAL was something special as soon as I experienced it, and I'm inspired to work with him. He'll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes.
The details of the deal were presumed to have been negotiated between Dorsey and Jay-Z over wine.
finance.yahoo.com
Jack Dorsey's '$300 Million Bar Tab' To Rub Shoulders With Jay-Z Results In Lawsuit
Jack Dorsey backs Robert F. Kennedy Jr. for president
Caleb Naysmith
Wed, June 14, 2023
Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a modest 2% ownership of the company’s outstanding equity, equivalent to approximately 18 million shares. Dorsey's pre-tax earnings from the Twitter sale amounted to $978 million.
Don't Miss: Why Silicon Valley Elites Are Betting On This Startup’s Vision For Reuniting American Families
The true source of Dorsey's wealth lies in his involvement with Block Inc., a renowned payments company originally known as Square. As one of the co-founders, Dorsey's ownership of 43 million shares in Block has proven immensely lucrative. With the current share price standing at $64, Dorsey's stake is estimated to be valued at around $2.75 billion.
At present, Dorsey's net worth is $4.4 billion. Like many tech billionaires, he leverages his wealth to engage in ventures that many would deem "cool." While this type of investing is commonly used by tech billionaires, retail investors have also begun investing in startups through equity crowdfunding.
According to some business analysts and disgruntled Block shareholders, his acquisition of Tidal, Jay-Z's music streaming service, was nothing more than a "$300 million bar tab to hang out with Jay-Z."
On March 4, the world was taken aback when Block announced its agreement to acquire Tidal for $306 million. The news broke through a tweet from Dorsey that showcased a seemingly casual photo of him and Jay-Z enjoying each other’s company in a Hamptons, New York, mansion at the crack of dawn. The tweet expressed Dorsey's gratitude for Jay-Z's vision and leadership and stated his excitement about working together.
At 5:04 a.m., Dorsey tweeted, "I’m grateful for Jay's vision, wisdom and leadership. I knew TIDAL was something special as soon as I experienced it, and I'm inspired to work with him. He'll now help lead our entire company, including Seller and the Cash App, as soon as the deal closes.
The details of the deal were presumed to have been negotiated between Dorsey and Jay-Z over wine.
Jack Dorsey's '$300 Million Bar Tab' To Rub Shoulders With Jay-Z Results In Lawsuit
Many people assume that Twitter was the reason for Jack Dorsey’s impressive fortune, but that actually isn’t the case. When Elon Musk acquired Twitter in October 2022 for $44 billion, Dorsey held a modest 2% ownership of the company’s outstanding equity, equivalent to approximately 18 million...
finance.yahoo.com
