(Steve Watson) Spotify’s stock has actually increased in value since the Neil Young driven backlash.
Related Spotify to Add ‘Content Advisory’ over Coronavirus Misinformation
by Steve Watson, January 31st, 2022
A slew of reports claiming that Spotify has had $2 billion wiped off its market value because of the actions of Neil Young and others in opposing Joe Rogan’s content on the platform are fake news.
Variety and others ran headlines over the weekend like “Spotify Lost More Than $2 Billion in Market Value After Neil Young Pulled His Music Over Joe Rogan’s Podcast.”
Spotify Lost More Than $2 Billion in Market Value After Neil Young Pulled His Music Over Joe Rogan’s Podcast https://t.co/CSpsEA1qfo
— Variety (@Variety) January 29, 2022
As pointed out by many on social media, however, the drop in value of Spotify stock is part of a longer downward trend that started before Neil Young uttered a word about Rogan.
Indeed, Spotify’s stock has actually increased in value since the Neil Young driven backlash
This is cherry-picked bullshit. The market in general was way down this week, but in the last two days of trading, since they announced Young was gone and Rogan is staying, their stock is actually up slightly.
You moronic hacks have no shame! pic.twitter.com/duTagP9uRe
— John Ziegler (@Zigmanfreud) January 29, 2022
Point to when Neil Young pulled his music on this graph of their stock. pic.twitter.com/KoyZls0bwS
— John sully (@Lonewolfzor) January 29, 2022
That's the point…that is a 30 day chart. @NeilYoung pulled his music on 1/26. He had zero impact on @Spotify – the only person impressed with #NeilYoung is Neil Young. Just another thumb sucking liberal.
— 1320Connect – Run The Number (@1320Connect) January 30, 2022
You mean Spotify stock is down, kinda like the entire NASDAQ is down 20% in the same time frame? Is that Rogan's fault as well?
Critical thinking fail. But then again you weren't really thinking at all, were you?#DeleteSpotify #Spotifydeleted pic.twitter.com/yW36v8hiGu
— MacronautBTC (@Macronaut_) January 27, 2022
The whole market was down this past week.
Did Tesla's stock also dip because a misguided old man pulled his music from Spotify? pic.twitter.com/B7Lo3A3xJc
— Canadian Flanders 🇨🇦 (@CanadaFlanders) January 29, 2022
The writer of the Variety piece even admitted in the article “To be sure, Spotify’s stock price was already on the slide — having plummeted 25% year-to-date as of January 25, the day before Young’s catalog was pulled off Spotify.”
But the majority failed to read beyond the headline, as is the case with most people looking for verification of their own pro-censorship opinions.
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Source:
https://summit.news/2022/01/31/fake-news-spotify-hasnt-lost-2-billion-because-of-neil-young/
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Who cares about neil young, he is a has been and never was very good anywoy. Go to hell neil young and sit in the vat of excrement that the satanic jews say Jesus Christ is in, which is a lie, but you are perfect for this pit, enjoy your hot tub.