![]() It’s too soon to tell if boycotts led by artists like Neil Young and Joni Mitchell will have any effect on the company’s bottom line. And obviously, the market is fluid and Spotify’s stock price can and will continue to change. It’s also worth pointing out that Rogan was not solely responsible for Spotify’s rise as other lockdown-life stocks like Netflix and Amazon likewise climbed steeply during the pandemic as listening to music and podcasts jumped.Īnd there is, of course, no alternate universe control-group version of Spotify’s stock chart available that shows where the streamer would be right now had it never signed the controversial podcaster in the first place - perhaps it would be even lower. Still, one of the business-side defenses of signing Rogan has been how much the podcaster clearly helped the company’s stock price, and it’s interesting to see the company ending up just about where it left off before signing him (chart below): The company’s stock slide far predates its Rogan controversy and has almost certainly been hastened in recent weeks by tech stocks’ overall slump this year and the company’s own earnings report last week, which showed slowing subscriber growth. As of Monday, however, Spotify’s post-Rogan gains have nearly evaporated, with the streamer trading around $170 per share. The stock continued to set records for months, peaking in Feb. The multi-year deal is reportedly worth more than 100 million. Some history: Spotify’s stock closed at $161 on May 18, 2020, the day before Spotify’s deal to distribute The Joe Rogan Experience was announced, and then closed at $175 the next day. 730 Posted by 2 years ago Joe Rogan's 100 Million Spotify Deal Joe 'podcast is moving to Spotify' Rogan made headlines recently when he announced that he has signed an exclusive deal with Spotify. … While some might want us to pursue a different path, I believe that more speech on more issues can be highly effective in improving the status quo and enhancing the conversation altogether.”Īlso Monday, Spotify’s stock - which has been sliding for months - descended to almost pre-Rogan levels. “We should have clear lines around content and take action when they are crossed, but canceling voices is a slippery slope. “I want to make one point very clear - I do not believe that silencing Joe is the answer,” Ek wrote in an email to Spotify staff. Yet Spotify CEO Daniel Ek also declared over the weekend that the streamer is sticking by the embattled podcaster. ![]() The Rogan offer follows Spotify pulling roughly 70 episodes of The Joe Rogan Experience podcast from its platform amid the podcaster being under fire due to interviewing anti-vax guests and a compilation video of Rogan using the N-word in past years. His Spotify deal, which he signed in 2020, is reportedly worth more than $100 million. Rogan regularly describes himself as a liberal yet makes headlines for some of his views that many would describe as right-wing - such as on guns, censorship, trans athletes in sports, and the role of government during the pandemic. ![]() ![]() Blue Ivy Carter Dance Cameo on Renaissance Tour Powers Streams for Beyoncé's "My Power" ![]()
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