Usher, Rihanna, Nicki Minaj,
Madonna, Dead5Amu, Kanye West, Jay Z and J Cole (also known as
Hollywood's self-professed "Illuminati")
The SEC rules of trade in America states it is illegal to overvalue a company. It misleads the public and potential investors, who could lose their shirts. Rapper Jay Z and Madonna, both U.S. citizens doing business in America, have been greatly overvaluing their failing music streaming company Tidal, in violation of SEC rules. As stated in the column yesterday, Jay Z greatly overvalued former company Rocafella, claiming it was worth $125,000,000 but had to admit the truth when a business newspaper exposed its true worth at $25,000,000.
Jay-Z
Jay Z stated Tidal has 57,000 subscriptions. Each subscription is between $9.99 to $19.99. He has been lashing out against people bashing the company and not supporting it. However, if he indeed had 67,000 subscriptions, the company would not be in the financial trouble it is in with the CEO and nearly two dozen executives running for the exit last month. $670,000 to $1,340,000 per month in revenue. Over the course of one year that would be $8,040,000 to $16,080,000 in revenue per year. That would not be a company in distress. Jay Z just told on himself.
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