Spotify (NYSE: SPOT) stock rebounded after its shares fell sharply at the end of last week.
Backstory🔙 Joe Rogan, host of Spotify’s “The Joe Rogan Experience”, a podcast that is downloaded by millions daily, was accused of spreading COVID misinformation.
Joe Rogan has, on several occasions, discouraged vaccination for young people.
Artist Neil Young pulled his songs from the streaming platform, citing Spotify’s “very damaging” contribution in spreading misinformation about COVID.
Spotify lost more than $2 billion in market value amid the controversy.
Why is this Important🤔 Spotify shares rebounded in yesterday’s trading after Joe Rogan issued an apology to both Neil Young & his podcast owner, Spotify, which was under heavy fire the past few days.
