The rapper bought the streaming service about three years ago.
Jay Z announced in February 2015 that his Carter Enterprises had bid $56 million for the service and relaunched the service in March 2015 with a star-studded party attended by wife Beyonce and including Kanye West, Alicia Keys, Madonna, Chris Martin, Nicki Minaj and Daft Punk.
The claim is seemingly based on a comment made by the president of the sports side of Jay-Z's Roc Nation business - Juan Perez - back in January, after Sprint took a 33% stake in the streaming service. The company reportedly lost 368 million NOK before tax in 2016, that translates to about $44 million USA dollars.
Geminids meteor shower: What to expect near Evansville
The Virtual Telescope said: "To make this meteor shower of particular fashion and very special this year is a nice coincidence". You can watch the meteorite shower online as NASA has arranged live broadcast of shooting stars on its online website NASA tv .
Following the Dagens Næringsliv report, Tidal denied that it's on the rocks, saying in a statement that: "We have experienced negative stories about Tidal since its inception and we have done nothing but grow the business each year". Spotify reported that it lost about $581 million in 2016, with revenue of $3 billion, The Verge noted.
Tidal has had its moments.
A spokesperson for the company dismissed the report to the Daily News, and said Tidal has been battling bad press since the very beginning. Also, according to the owner of the platform, Jay-Z, it kept growing rapidly over the past few years.
Sprint's investment in streaming music service Tidal earlier this year may not have been enough to correct course. This is expected to knock around 100,000 users off Tidal's books, according to Dagens Næringsliv.