Spotify Loses More Than $2 Billion In Market Value After Neil Young Pulls Music

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.”