Jay-Z has been applauded for his recent business moves in the last few weeks which included selling 50% stake in his Ace Of Spades champagne to LVMH and sold a majority stake in Tidal to Square Inc. in a $297 million deal. While a lot of people cheered Jay for his continued business moves, blogger Dj Akademiks was not as excited.
While Akademiks initially acknowledged that Jay-Z was a good business man for selling his Tidal stake to Twitter CEO and co-founder Jack Dorsey, he expressed his belief that the Hip Hop mogul has been using the "Black-owned" phrase as a bait and switch tactic to get people to buy into his companies.
"Jay-Z bought a company, he said it was for Black creators. He said people shouldn't support Apple and Spotify because they're White-owned and he wanted to have something for the culture, for the artists, by the artists, and he wanted to keep it Black-owned and he wanted to do it that way," Akademiks said. "He did many B-Side concerts and s*** like that talking about Black excellence, Black power, you should support him because he owned a Black business even though we found out later when they went to Sweden at Tidal headquarters, pretty much not one of the employees or the higher executive people at Tidal were Black."
Check out the rest of Akademiks comments in the video below and let us know, is he speaking facts or nah?