As Neil Young, Joni Mitchell leave in protest of Joe Rogan’s podcast, Spotify loses more than $2.1 billion in market value: report

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As Neil Young, Joni Mitchell leave in protest of Joe Rogan’s podcast, Spotify loses more than $2.1 billion in market value: report
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Neil Young's music was removed from Spotify Wednesday, and Joni Mitchell said Friday her music would be taken off the platform in protest of it hosting 'The Joe Rogan Experience' podcast.

Probably not entirely. At least, according to the Variety report, because it said Spotify stock was already “on the slide — having plummeted 25% year-to-date as of Jan. 25, the day before Young’s catalog was pulled.” The report said that investors seem to be shaken by the idea that the platform’s audience growth may be slowing. And, there’s some good news, per Variety, in that the stock did “rebound slightly Friday, closing up 1% to $172.98.”, “I stand with Neil Young.

According to The Associated Press, Mitchell’s Canadian Spotify page said she has 3.7 million monthly listeners and her songs “Big Yellow Taxi” and “A Case of You” “have both been streamed more than 100 million times on the service.” “I am doing this because Spotify is spreading false information about vaccines — potentially causing death to those who believe the disinformation being spread by them,” he wrote at the time, according to Variety. "

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