Thursday, May 30, 2024

UPDATING Spotify Stock Soars 13.5%, Closes Up 23 Bucks Today, Despite Rogan Controversy

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updated 4pm

 

 

 

 

Spotify stock price is soaring this morning despite or because of the Joe Rogan controversy.

The stock is up 12% or 20 bucks and still rising 95 minutes after the stock market opened.

Over the weekend, Spotify took a PR hit after Neil Young and then Joni Mitchell left the streamer, then Nils Lofgren of the E Street Band.

It’s all about Rogan serving up misinformation on his podcast about COVID and the vaccines.

Spotify yesterday issued a new set of guidelines for podcasts regarding COVID. Rogan also posted a video apology. (See below.)

For Wall Street the action taken by Spotify seems to have worked, for now. Keep updating. We’ll see how long this lasts…

 

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Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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