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By: mediaatraffic January 29, 2022January 29, 2022
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Spotify Loses $4 Billion In Market Value After Neil Young Controversy

According to Datebook,

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.”

As of Friday, Jan. 28, shares of Spotify were down about 12% from where they closed last week, according to data from Nasdaq. 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.

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