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Spotify loses $4 billion in market value after Neil Young controversy
Datebook SF Chronicle ^ | 01 28 2022 | Aidin Vaziri

Posted on 01/30/2022 2:27:39 PM PST by yesthatjallen

Spotify lost $4 billion in market value this week after rock icon Neil Young called out the company for allowing comedian Joe Rogan to use its service to spread misinformation about the COVID vaccine on his popular podcast, “The Joe Rogan Experience.”

At the end of the day Friday, Jan. 28, shares of Spotify were down about 12% from where they closed last week, according to data from Nasdaq, against a broader index that was flat over the same period. The hashtags #DeleteSpotify and #CancelSpotify also gained traction on social media, with many websites offering step-by-step instructions for users to remove the app from their devices.

Spotify took down nearly all of Young’s music on Wednesday, Jan. 26, two days after the Rock & Roll Hall of Fame musician reportedly issued the streaming service an ultimatum via his management and record company: “They can have Rogan or Young. Not both.”

SNIP

(Excerpt) Read more at datebook.sfchronicle.com ...


TOPICS: News/Current Events
KEYWORDS: chat; chatforum; joerogan; moreoldnews; music; neilyoung; newsforumabuse; notnews; spotify; theowlsleavespotify
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To: yesthatjallen

full on manipulation by the left to destroy anyone or anything that doesn’t stand for their tyrannical propaganda.


21 posted on 01/30/2022 2:55:20 PM PST by spacejunkie2001
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To: yesthatjallen

Hmmm.


22 posted on 01/30/2022 2:56:56 PM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: MAGAthon

TCEHY is a direct commie investor. I willing to be the rest are heavily invested in CCP operated companies too. What comes around goes around with these traitors. It is all just one globalist cabal.


23 posted on 01/30/2022 3:02:36 PM PST by ConservativeInPA ("Goats are like mushrooms. Because if you shoot a duck, I'm afraid of toasters." - Joe Biden)
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To: yesthatjallen
These old ignorant fools who oppose Joe Rogan for trying to help them are moving their music to Ossify - the channel for old fossils that no one listens to anyway.
24 posted on 01/30/2022 3:03:25 PM PST by T.B. Yoits
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Spotify has announced that it will put a “content advisory” on “any podcast episode that includes a discussion about COVID-19.”

https://newsroom.spotify.com/2022-01-30/spotifys-platform-rules-and-approach-to-covid-19/


25 posted on 01/30/2022 3:04:33 PM PST by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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Thank god Cher didn’t walk, losses could have topped eleventy billion


26 posted on 01/30/2022 3:05:05 PM PST by dsrtsage ( Complexity is just simple lacking imagination)
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To: yesthatjallen

Correlation is NOT causation!


27 posted on 01/30/2022 3:05:10 PM PST by traderrob6
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To: yesthatjallen

Money isn’t lost when a stock price goes down. Money is lost when stock is sold at a loss.


28 posted on 01/30/2022 3:07:34 PM PST by SaxxonWoods (If It Aint Woke Don't Fix It.)
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To: yesthatjallen

$4B? Riiiiight!


29 posted on 01/30/2022 3:08:04 PM PST by griswold3 (When chaos serves the State, the State will encourage chaos)
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To: Sans-Culotte

Still money well spent to try... :)

I went all in this morning. Think about it. Same thing when you support a candidate for office who will probably screw you anyhow.

This is in the now and will make a real difference considering the situation. :)


30 posted on 01/30/2022 3:16:49 PM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: farming pharmer

...since before Neil Young started running his mouth.


31 posted on 01/30/2022 3:36:31 PM PST by moovova
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To: Jess Kitting

100%


32 posted on 01/30/2022 3:39:02 PM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: plain talk

Investors see a bunch of artists following Neil Young and revenue going down.

So far its him and Joni Mitchell. Neither of them worth that much to bring a $2billion loss!


33 posted on 01/30/2022 3:40:58 PM PST by The MAGA-Deplorian ( 2022 - VOTE THE BUMS OUT —— ALL OF THEM! RE-ELECT NO ONE!!)
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To: yesthatjallen

People shouldn’t support Spotify anyway, they don’t pay the musicians


34 posted on 01/30/2022 3:42:18 PM PST by Nomad577
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To: yesthatjallen

Yeah, I heard they lost FIVE billion earlier. If they’re gonna exaggerate and spread 🐂💩, at least present a consistent narrative


35 posted on 01/30/2022 3:51:06 PM PST by Impala64ssa (If a liar's pants really did catch on fire ABC, CNN and MSNBC would be more fun to watch)
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To: The MAGA-Deplorian

Not true. I just read Bruce Springsteen’s 70 year old guitarist (never heard of him as a solo) just pulled his music too.


36 posted on 01/30/2022 3:59:57 PM PST by themidnightskulker (And then the thread dies... peacefully, in it's sleep....)
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To: Openurmind

I just signed up for the free version a few minutes ago and added Rogan’s podcast. I’ll give it a test spin during work tomorrow.


37 posted on 01/30/2022 4:01:29 PM PST by Sans-Culotte (11/3-11/4/2020 - The USA became a banana republic.)
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To: yesthatjallen

LOL.. That is the most delusional headline ever. Neil Young has 19 people that care about him and his propaganda.


38 posted on 01/30/2022 4:11:16 PM PST by freespirit2012
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To: Sans-Culotte

Thank you!!!!

This is how we fight back!!!

We got this! Just prove their crap wrong every time they try and they will get the hint!

But... not just a few... We need a million to do this right now!!!

If they don’t they cannot claim they even care. Screw these lazy assholes for not getting on board to fight the good fight!


39 posted on 01/30/2022 4:13:10 PM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: politicket

It’s been a bad week for all stocks in that sector


40 posted on 01/30/2022 4:31:20 PM PST by Striperman (Striperman)
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