Article Claiming Jay Z Sold Tidal For $1 Billion Is Fake

(AllHipHop News) Once again a satirical website has confused some readers into believing a bogus story is the truth. An article titled “Jay-Z Sells Tidal Music for $1 Billion 3 Months After $56 Million Purchase” is circulating on social media, but the source of the post is the fake news site Love That News.

[ALSO READ: Apple Officially Set To Launch Music Streaming Service To Take On Spotify & Tidal]

The fabricated article claimed Jay sold his new Tidal streaming service to Facebook owner Mark Zuckerberg. Earlier this month a similar story was posted by another satirical site Celebtricity. That article claimed the supposed sale was for $2.3 billion. Both articles were shared thousands of times on Facebook with some users thinking the information was accurate.

This is not the first time a Hip Hop figure has been caught up in a falsified news story that went viral. In November 2014, the New York Times had to issue a correction after a writer used a fake quote attributed to Kanye West. The quote was taken from the satirical website The Daily Currant.

[ALSO READ: New York Times Forced To Issue Correction For Fake Kanye West Quote About Kim K’s *ss]

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