They laid off 10% of their workforce last year, and like 20% of the remaining work force late this year with cuts to engineering expected. It is not in a healthy place, seemingly, and they cover a very small slither of the market.

Edit: Couldn’t find the exact article I had read before but this one seems well formatted. https://www.headphonesty.com/2024/12/tidal-bets-future-artists-djs/

It doesn’t help that their parent company makes so little from them compared to a series of crypto ventures, but what can really compare to that.