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 ...
Markets go up and they go down. Who knew?
I haven’t done anything with Spotify. I should check it out
and give it some bidness.
I suspect they’ll snatch defeat from the jaws of victory
soon enough though.
Netflix did much worse. Were they also not woke enough? Or maybe January was just a bad month for tech stocks.
That number is a bit fantastical.
—”It has the stench of Leftism where they try to rally around a turd like Neil Young to somehow validate him and make it look like he came out on top.”
YES!
And has Mr Young ever clearly cited the offending text?
“Temporary paper loss versus their integrity 🤪”
No. Their stock tripled in 2020. Now in multi-year trend to reasonable values.
You can bet that the deepstate put out the message to all the investment funds that they must sell shares to keep in favor.
This is a coordinated attack from the dark side.
I doubt it. He is like millions of other Leftists who will never cite that offending text.
It isn’t important to them. Facts aren’t important to them.
How they feel is important to them.
What a crock! The stock peaked 3rd week in February 2021. Spotify price started a waterfall drop well before the controversy.
Don’t believe the idiots who wrote the article. What happened to the stock was going to happen regardless.
194.32 USD +21.23 (12.27%)
today
They were at $244 on January 3rd and $300.95 on Nov 1, 2021 so Neil Young had zip to do with any price change.
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