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Tidal music stock price11/26/2023 ![]() ![]() (Incidentally, the directors in this case included Sequoia Capital’s “senior steward,” Roelof Botha, whom we profiled last Friday). The judge rejected a Block shareholder lawsuit that argued the board’s approval was a breach of its fiduciary duty, because the shareholder hadn’t proved the directors acted in “bad faith.” This isn’t exactly progress for corporate governance. A group of independent directors on the board of Block, the Jack Dorsey–controlled owner of Square and CashApp, unanimously approved the Tidal purchase Dorsey proposed even though senior company executives opposed it and there was every reason not to do it. ![]() ![]() The ruling is worth a read, but here’s the short version. The entity stock is not elastic to its hype. That’s not good news for any investor who wants company boards to push back more strongly against tech founders doing crazy things (think Adam Neumann). First Tidal Acquisition is presently traded for 0.025on TSX Venture Exchange of Canada. The live Tidal Finance price today is 0.000192 USD with a 24-hour trading volume of 77,187.26 USD. While finding that the roughly $300 million purchase was a “terrible business decision,” the judge affirmed the right of independent boards to do stupid things as long as they’re acting in “good faith,” whatever that means. View daily, weekly or monthly format back to when Tiidal Gaming Group Corp. But arguably the most important though little-covered news story this week was a Delaware court’s decision on Tuesday to reject a shareholder lawsuit over Block’s boneheaded purchase of musical streaming service Tidal. Discover historical prices for TIDL.CN stock on Yahoo Finance. We have lots of news today, including Disney’s change of heart on Hulu (see below) and Google’s blizzard of new product announcements at its annual developer conference. ![]()
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