Reality check. Spotify losing only a few points on the market won’t kill it.
In fact its a cheaper stock to pick up now. If Joe Rogan gains Spotify more subscribers the company will make even more money.
Also, its extremely difficult to attribute its drop based solely on Joe Rogan controversy, which really isn’t a negative. Tech stocks are all in the middle of small corrections right now this past month, which was pretty brutal for some of them..
Bought some Spotify...will down, down, go up, up?
Wonderful story on Spotify was published by Forbes in November:
Podcasts is the next digital gold mine. And Spotify has an edge over the rest of the big bad tech companies. Let’s hope they succeed!
Now is the time to INVEST in Spotify. Don’t forget they also signed a deal with Bambie from Kenya. Maybe this is why Neil Young and others are complaining about Rogan. They see how Spotify is establishing a leadership position in this new market.
Read the story. It’s outstanding and explains the dynamics of this hot podcast market and where it could go.
I’ll tell you one thing. Neil Young has created a ton of publicity for Spotify! Lots of non-music types have never heard of Spotify. Now your average Joe-Six-Pack and Jill-Pina-Colada will hear about them.