Did Jack Dorsey invest $300 million just to hang out with Jay-Z

Did Jack Dorsey invest $300 million just to hang out with Jay-Z
Jack Dorsey’s wealth is derived from Block Inc, a payment company, not Twitter as is commonly believed. Dorsey’s stake in Block is valued around $2.75 billion versus the less than $1 billion in pre-tax earnings from his 2% ownership in Twitter.
Dorsey leverages his wealth to invest in things that he deems cool. His $300 million investment in Tidal is allegedly just a ploy to get closer to Jay-Z and hang out with him according to a lawsuit by shareholders.
You see, Tidal was a failing company with little prospect of success in my opinion. Jay-Z had put $50 million of his own money into the company to try and keep it afloat. Artists were abonding the platform, and most of the ones that stayed had no contractual obligation to do so.
Also, Jack Dorsey, and Block, had little to no involvement with the music industry. It makes no sense for him Block to be involved in music or with Jay-Z in a business setting.
So did Jack Dorsey invest $300 million just to hang out with Jay-Z?
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