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How Spotify's Rollout of Joe Rogan's Podcast Created a $4.8B Headache
4 monthes ago - By Billboard
Spotify shares dropped 8.8% Wednesday morning, shaving as much as $4.81 billion of its value, following a report Joe Rogan's back catalog debuted on the platform Tuesday without episodes by right-wing personalities. The closing price of $275.62 marked a 5.5% drop from Tuesday's close. As the trading day heats up on Thursday, the price is hovering around $269.50.
Rogan - podcaster, comedian and commentator on WWF's mixed martial artist telecasts - debuted on Spotify on Tuesday, nearly five months after signing a $100 million deal in May that gives Spotify a worldwide exclusive - but not...
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