Posted on 01/30/2022 9:56:56 AM PST by nickcarraway
SHARE TWEET Play Neil Young on Amazon Music Unlimited (ad) The market value of Spotify has dropped by over $2 billion since Neil Young called out the streaming platform for "spreading fake information about vaccines," various outlets reported.
Last week, Young demanded the removal of his catalog from the streaming platform in protest of the company's multi-million dollar deal with broadcaster Joe Rogan, who’s been identified as a source of inaccurate information surrounding the COVID-19 vaccine through his Joe Rogan Experience show.
Joni Mitchell later called for her own catalog to be deleted in an act of support for Young’s position, linking to a letter from a group of health experts who criticized Spotify and called on the platform to implement a misinformation policy. "By allowing the propagation of false and societally harmful assertions," the letter reads, "Spotify is enabling its hosted media to damage public trust in scientific research and sow doubt in the credibility of data-driven guidance offered by medical professionals."
In a new development, Nils Lofgren of the E Street Band and Young’s Crazy Horse backing group also moved to have his catalog removed. In a post on Young’s website, he voiced his support for the health experts.
“When these heroic women and men, who’ve spent their lives healing and saving ours, cry out for help you don’t turn your back on them for money and power. You listen and stand with them," he wrote. "[W]e’ve now gotten the last 27 years of my music taken off Spotify. We are reaching out to the labels that own my earlier music to have it removed as well. We sincerely hope they honor our wishes, as Neil’s labels have done.” He added: “We encourage all musicians, artists and music lovers everywhere to stand with us all, and cut ties with Spotify.”
The platform’s share price reportedly dropped by 6 percent between Jan. 26 and Jan. 28, even though relevant stock indexes showed a modest rise over the same period. On Jan. 27 Spotify stock hit a 19-month low.
“For Spotify investors, the concern is that the artist exodus could snowball in the coming days and drive a material number of customer cancellations,” Variety wrote. “Hashtags #CancelSpotify, #DeleteSpotify and #ByeSpotify were trending on social media in the wake of Young’s ultimatum and Spotify’s decision to remove his music.” Forbes advised investors to consider buying stock in Spotify rivals, noting the corporation’s “volatile” trading characteristics in recent months.
Those are some confused people.
Stock prices fluctuate. You only lose money if you buy high and sell low.
And why do pinkos care about Covid “misinformation”?
The Left’s grip on social media platforms and its ability to censor will not be broken without a hard fight.
Or he may not have.
I suspect what this is really about is the rates Spotify is paying the artists.
I don’t even know if they are pinkos. Young claims he is no for censorship - which he defines as a government restricting speech. He wants big business to slam down on speech.
How many listeners did Neil Young have? I would think not many.
Indeed
Somehow, the writer missed the whole downward trend of the stock market
Buy smart and hold long. That's what I've been doing for over 35 years and it's served me well.
Anybody who sells stock during a correction is a fool. When stocks are down, hold and continue to buy. Then ride it all back up later. That strategy has never failed.
Dollar cost averaging.
I just signed up...
Spotify is becoming a more patriotic business every day as more and more commies stomp their little commie feet and leave in a huff.
Stand strong Spotify.
2.4 million. Rogan 10 to 11 million.
Tell these asswipes to prove what content, specifically, is misinformation. Name the podcast date and time stamp.
Another misunderstanding of the difference between correlation and causation. The market overall got hammered. Amazon, Google, and even Apple lost hundreds of billions in market value this month. Who did that?
>>“And why do pinkos care about Covid “misinformation”?”
Because Pinkos are, and have always been, the source of misinformation.
Is Young marketing his music in red China?
Spotify has been on decline since before January 1st, like the rest of the market. Smells like AdamSchiff
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