HomeBusinessSpotify shares fall after Joe Rogan's podcast briefly not accessible

Spotify shares fall after Joe Rogan’s podcast briefly not accessible

Spotify Technology’s shares fell 5per cent on Friday after Joe Rogan’s podcast was briefly not accessible on the corporate’s streaming platform.

The podcast can now be accessed and Spotify did not instantly reply to a request for remark.

The firm has been below fireplace after Rogan, who signed a $100-million cope with Spotify in 2020, aired controversial COVID-19 views on his present and drew protests from artists Neil Young, Joni Mitchell and India Arie.

Spotify’s Chief Content Officer Dawn Ostroff advised advertisers at a convention final week that the backlash round Rogan’s podcast had been a “real learning experience” for the streaming service.

The firm’s shares, which have fallen about 59per cent since hitting a report excessive almost a yr in the past, had been buying and selling at $151.16 on the New York Stock Exchange.

(Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta)



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