Since then, inside Spotify, CEO Daniel Ek issued multiple statements about his reluctance to moderate Rogan’s show beyond its platform rules, which were only made public after Young and others pulled their music. “Please act on this immediately today and keep me informed of the time schedule.” Spotify went public in 2018, and its stock hit an all-time high closing price of 364.59 in February 2021. “I am doing this because Spotify is spreading fake information about vaccines - potentially causing death to those who believe the disinformation being spread by them,” he wrote.
Musician Neil Young read that letter and subsequently pulled his catalog from the platform in response. Recording artists like Neil Young and others have. In January, a group of medical community members penned a letter to the company asking it to remove a Rogan episode they said peddled COVID-19 misinformation. Spotify stock fell by over 2 billion after Neil Young’s request Spotify’s market capitalization fell about 2.1 billion over a three-day span last week, coming after folk-rocker Neil Young yanked. Joe Rogan's exclusive podcast on Spotify (NYSE: SPOT) has been getting a lot of attention lately, and not necessarily for good reasons. The company’s shares, which have fallen about 59% since hitting a record high nearly a year ago, were trading at $151.16 on the New York Stock Exchange.
Spotify’s Chief Content Officer Dawn Ostroff told advertisers at a conference last week that the backlash around Rogan’s podcast had been a “real learning experience” for the streaming service. He accused the streamer’s star podcaster, Joe.
The company has been under fire after Rogan, who signed a $100-million deal with Spotify in 2020, aired controversial Covid19 views on his show and drew protests from artists Neil Young, Joni Mitchell and India Arie. JanuSpotify's stock prices have recovered after a drop caused by Neil Young and Joni Mitchell removing their music from the platform to protest the streamer's continued platforming of. The streaming giant has faced mounting criticism after singer-songwriter Neil Young followed through on threats to remove his music from Spotify.
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