Music Streaming Service Tidal Loses Third CEO In Two Years

An anonymous reader shares an article: The music-streaming service Tidal is saying goodbye to yet another CEO. Jefffrey Toig, who became the company’s CEO in December 2015, is leaving the company. This would make him the third CEO leaving Tidal after two years, following the departure of Andy Chen and Peter Tonstad. In a statement to CNET, Tidal said that it will announce a new CEO in the coming weeks. The Jay-Z-owned music service has relied heavily on star power and album exclusives, but its bet doesn’t seem to be making any splashes. On top of that, the company was accused in January of lying about its 3-million subscriber-base. They were accused of creating fake accounts.


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