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Spotify loses billions in market value amid Neil Young, Joe Rogan controversy

Canadian musician Joni Mitchell was the latest to pull her music off the streaming platform as well.

January 30, 2022 / 04:22 PM IST

Spotify is losing billions of dollars in valuation over the ensuing Joe Rogan controversy. Reports suggest that the music streaming platform has lost anywhere between $2 and $4 billion dollars after Neil Young pulled his music off the platform.

But it isn’t just Young, several other artists have also criticized the misinformation being spread on the Joe Rogan Experience, which is a Spotify exclusive podcast. While Barry Manilow has spoken out against the misinformation, his music remains on the streaming service.

However, another Canadian singer Joni Mitchell has also stood in solidarity with Neil Young and taken her music off the platform as well.

Mitchell said, “I’ve decided to remove all my music from Spotify. Irresponsible people are spreading lies that are costing people their lives. I stand in solidarity with Neil Young and the global scientific and medical communities on this issue.”