Spotify has suffered from the recent controversy around Joe Rogan's podcast and Neil Young removing his music from the platform.
), after a controversial episode of Joe Rogan's podcast had many concerned about misinformation on vaccines and the pandemic.that Spotify has suffered greatly from the controversy, reportedly losing the staggering $2 Billion in market value just in a few days.It seems that Spotify has not been having the greatest of times so far. The popular music-steaming platform's market value has dropped by a whopping $2.1 billion because of the ongoing controversy with Joe Rogan's show.
Spotify's shares have subsequently dropped by 6% in just three days, from January 26 to January 28 , following Young's protest. Additionally, Canadian singer Joni Mitchell has also backed Young and had her songs removed from the platform too. Spotify has not been having the greatest of times even before the loss this controversy caused. Its stock price had already dropped earlier this month, as the company reported a 25% fall in share value on January 25, a day before this all started.
In his Instagram post, the popular podcast host details that his show is different than others because it contains conversations, where he sits down and talks to people without any prior preparation or fleshing out his ideas. He states that sometimes, his conversations are based on ideas he has in real time. He also underlines the unpolished conversational style of his podcast is one of its appeals and what makes it interesting.
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