LIVE – Updated at 13:30
The Joe Rogan Experience is one of the world’s most popular podcasts, but a number of highly controversial guests of late led to musical legends Neil Young and Joni Mitchell requesting that Spotify remove their music from the platform. JRE has been exclusively available on Spotify since 2020, making it one of the company’s most prized assets.
However, after platforming the likes of Dr Robert Malone and Dr Peter McCullough, both of whom have been accused of spreading misinformation about Covid-19 and vaccines, the podcast began to attract headlines for all the wrong reasons.
With Spotify’s stock value recently plummeting by $2 billion, Mr Rogan took to Instagram to claim that he agrees with the streaming service’s decision to start putting disclaimers at the beginning of controversial podcast episodes.
Further to this, the comedian has vowed to invite a wider range of guests in the future, while he also took the time to apologise to Spotify for the onslaught the company is facing due to his actions.
- Spotify stock value plummets by $2 billion
- Joe Rogan apologises to Spotify in video responce
- A recent JRE ep with Dr Jordan Peterson attracted criticism for climate misinformation
- Spotify announces introduction of disclaimers at the beginning of controversial podcasts
Spotify stock fell by over $2 billion after Neil Young’s request
13:30 , Thomas Fenton
Spotify’s market capitalization fell about $2.1 billion over a three-day span last week, coming after folk-rocker Neil Young yanked his songs from the audio-streaming giant to protest against misinformation being spread on the Joe Rogan Experience.
As Variety reports, shares of Spotify fell 6% from Jan. 26-28. Over the same time period, the tech-heavy Nasdaq composite index rose 1.7% and the Dow Jones Industrial Average was up 1.1%.
Spotify stock closed last Thursday at a 19-month low of $171.32/share. That came after Mr Young said Monday that he was demanding the company drop his music, saying that Spotify “can have Rogan or Young. Not both.” Spotify removed Young’s songs on Jan. 26.
It remains unclear how the markets will respond to news of Joe Rogan’s recent apology to the company, as well as its decision to start putting disclaimers at the beginning of controversial podcast episodes – especially those which heavily feature Covid talk.
Last week, it was reported that many more artists were set to follow Neil Young and Joni Mitchell in requesting to have their music removed from Spotify.