Spotify stock rebounds after Joe Rogan apology
Spotify's stock prices have recovered after a drop caused by Neil Young and Joni Mitchell removing their music from the platform to protest the streamer's continued platforming of podcast host Joe Rogan, Reuters reported Monday. The two singers accused Rogan of spreading misinformation about COVID-19.
Spotify prices slid from $193.56 per share on Jan. 24 — the day the "Cortez the Killer" singer delivered his ultimatum that Spotify "can have Rogan or Young. Not both" — to just under $173 per share on Friday, a drop of around 10 percent that wiped out over $2 billion in market value.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Rogan's apology appears to have fixed the problem.
The Joe Rogan Experience host posted a video on Instagram Sunday night in which he defended interviewing guests who "have an opinion that's different from the mainstream narrative," but also acknowledged that he could "do better" in the future by interviewing "more experts with differing opinions right after I have the controversial ones."
Spotify also announced on Sunday it will add a content advisory to any podcast episode that discusses COVID-19.
Rogan has drawn criticism for interviewing Drs. Peter McCullough and Robert Malone — both of whom have been accused of spreading COVID misinformation — on his show, which draws millions of listeners per episode.
A few weeks before Young lodged his protest, 270 medical experts signed a letter demanding Spotify rein in Rogan, The Guardian reported. Other outlets later challenged the credentials of some of the letter's signatories.
Spotify purchased the exclusive rights to distribute Rogan's podcast for $100 million in 2020, The Washington Post reported.
-
Appetites now: 2025 in food trendsFeature From dining alone to matcha mania to milk’s comeback
-
Political cartoons for December 19Cartoons Friday’s political cartoons include unemployment rates, taunts and prayers, and more
-
Who is paying for Europe’s €90bn EU loan?Today’s Big Question Kyiv secures crucial funding but the EU ‘blinked’ at the chance to strike a bold blow against Russia
-
Son arrested over killing of Rob and Michele ReinerSpeed Read Nick, the 32-year-old son of Hollywood director Rob Reiner, has been booked for the murder of his parents
-
Rob Reiner, wife dead in ‘apparent homicide’speed read The Reiners, found in their Los Angeles home, ‘had injuries consistent with being stabbed’
-
Hungary’s Krasznahorkai wins Nobel for literatureSpeed Read László Krasznahorkai is the author of acclaimed novels like ‘The Melancholy of Resistance’ and ‘Satantango’
-
Book reviews: ‘We the People: A History of the U.S. Constitution’ and ‘Will There Ever Be Another You’Feature The many attempts to amend the U.S. Constitution and Patricia Lockwood’s struggle with long Covid
-
Primatologist Jane Goodall dies at 91Speed Read She rose to fame following her groundbreaking field research with chimpanzees
-
Florida erases rainbow crosswalk at Pulse nightclubSpeed Read The colorful crosswalk was outside the former LGBTQ nightclub where 49 people were killed in a 2016 shooting
-
Trump says Smithsonian too focused on slavery's illsSpeed Read The president would prefer the museum to highlight 'success,' 'brightness' and 'the future'
-
Trump to host Kennedy Honors for Kiss, StalloneSpeed Read Actor Sylvester Stallone and the glam-rock band Kiss were among those named as this year's inductees
