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Aspiro

OVERALL

Owned
USA
Rating
Criticisms

Music streaming services

Launched in 2014, Tidal is an entertainment platform built for fans directly from artists around the world to create a more sustainable model for the music industry. The subscription based, artist owned, streaming service is available in over 56 countries, with 70 million songs and 250,000 videos. Bought by rapper Jay Z in 2015, who sold a majority stake to Square Inc in 2021. Tidal has less than 1% of the music streaming subscribers worldwide.

Company Ownership

Aspiro AB   USA     website   email   facebook   twitter
  Block Inc   
   owns 51% of Aspiro AB  
USA     website      facebook   twitter

Financial services

Formerly Square Inc. Co-founded by Twitter creator Jack Dorsey. Products include Square, Cash App, Afterpay, Weebly and Tidal.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Aspiro AB
No assessment data currently available for Aspiro AB
Block Inc
Business Ethics 60.7/125 at JUST Capital
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2023 rankings JUST Capital asked a representative sample of 3,002 Americans to compare 20 different business Issues on a head-to-head basis, producing a reliable hierarchy of Issues ranked in order of priority. Issues are organised under the headings Workers, Customers, Communities, the Environment, or Shareholders & Governance. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 155th of 951 companies, and 7th of 17 Transaction Processing companies.
Source: JUST Capital (2023)
Environment 2/18 in Net Zero scorecard
As You Sow's 2022 report, 'Road to Zero Emissions', assessed the progress of 55 of the largest U.S. corporations in reducing greenhouse gas (GHG) emissions in line with the Paris Agreement's objective of limiting global average temperature rise to 1.5 degrees Celsius above pre-industrial levels, which requires achieving "net zero" emissions by 2050. Companies are graded on: climate related disclosures; GHG reduction targets, and GHG reductions. This company received an Overall Net Zero grade of F.
Source: As You Sow (2022)
Business Ethics 20/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 20/100 in the TSV IT services category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
Business Ethics Class action settlement US$2.2m
In 2018 this company agreed to pay US$2.2 million to settle a class-action lawsuit involving its on-demand food delivery service, Caviar for customers who ordered food between January 20, 2012 and August 31, 2015. The lawsuit claimed Square collected gratuities from customers but didn't pass on that money to the delivery drivers. Square disputes those claims.
Source: TechCrunch (2018)
Business Ethics OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020)

> About the Icons

Company Details

Type Artist-owned company
Revenue 47.2 million USD (2015)
Employees 85 (2015)

Contact Details

Address New York, New York, USA
Website www.tidal.com

Products / Brands

Aspiro
Tidal Music Streaming


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