Kanye vs. Jay-Z And 3 Other Famous Business Breakdowns


Kanye vs. Jay-Z And 3 Other Famous Business Breakdowns

July 7, 2017

Famous rapper Kanye West is currently entangled in a messy dispute with subscription-based music streaming service Tidal, along with its owner, fellow rapper Jay-Z.

TMZ reported that West has left the company because of a money feud.

Tidal allegedly owes West $3 million; and West reportedly owes the company music videos. The two sides have tried to negotiate, with no resolution.

Many notable celebrities have entered into business partnerships only to see them go bad. Here are three notable business partnerships gone awry:

Eduardo Saverin and Mark Zuckerberg

In 2003, the two Harvard students partnered to create what would become the largest and most recognized social media network in the world: Facebook.

Zuckerberg wanted “to make something cool” and asked Saverin to deposit $15,000 in a bank account that they would both be able to access to finance servers for a site Zuckerberg wanted to create.

Saverin agreed.

Six months later, Zuckerberg moved to Silicon Valley to continue with – what was called at that time, thefacebook.com – and asked Saverin to “set up the company, get funding, and make a business model.”

In the summer of 2004, the company grew more popular than expected and needed funding – funding that was supposed to come from Saverin’s efforts.

At this point, Zuckerberg had met Napster founder, Sean Parker and saw him as a valuable source for the company. Parker joined thefacebook.com and Zuckerberg didn’t see a use for Saverin anymore.

Zuckerberg, along with Facebook’s first outside investor, Peter Thiel then come up with a plan of “dirty tricks” to oust Saverin: create a new company to acquire the old one and then reduce Saverin’s shares to a miniscule amount.

Drama ensures when Saverin found out and the lawsuits followed.

In the end, Zuckerberg’s plan to push Saverin out of the company worked. Saverin’s $15,000 investment, however, turns out to become worth more than $4 billion.

The Beatles

They were one of the world’s greatest bands. But in 1970, they broke up.

While many believe it was Yoko Ono, the girlfriend of John Lennon who broke up the band, she has said, “I don’t think you could have broken up four very strong people like them even if you tried. So there must have been something that happened within them – not an outside force at all.”

It seems that outside force was business.

“The business thing split us apart,” Paul McCartney revealed in an interview with BBC Radio 4’s Mastertapes last year.

Things started to go downhill a year before the band broke up when the band hired Allen Klein as their manager, against McCartney’s wishes.

McCartney didn’t agree with the things Klein was deciding, including hiring Phil Spector to change up their song Let It Be. McCartney then sued his bandmates, which only broke his bond with Lennon – whom was the founder of the band.

McCartney said he stayed in touch with Lennon until his death in 1980. But it still didn’t change the fact that The Beatles would no longer create music together.

Steve Jobs and John Scully

You don’t have to be an Apple fan to know that Steve Jobs was infamously fired from the own company he created.

“I was out — and very publicly out,” said Jobs during his commencement speech at Stanford University.

It was in 1983 that Jobs recruited John Scully to be the CEO of a growing Apple.

As Jobs famously said to entice the Pepsi-Cola President, “Do you want to spend the rest of your life selling sugared water, or do you want a chance to change the world?”

Scully agreed and became Apple’s CEO.

Soon after, their business relationship crumbled, as the two had different ideas to where the direction of Apple should go.

Things ended with Jobs being fired.

“He never forgave me for that,” Scully said in 2015. As for their friendship: “No. Never repaired. And it’s really a shame because if I look back, I say what a big mistake on my part.”

Eventually, Jobs was brought back on to Apple and the company went on to make history once again.

Find Past Business Associates

Typically, people who start corporations or LLCs together leave a public record.

BeenVerified’s reports include a section called Possible Associates, which could be useful in discovering business connections to the person you’re searching.

Disclaimer: The above is solely intended for informational purposes and in no way constitutes legal advice or specific recommendations.