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Spotify Loses $2 Billion As Stock Plummets After Artists Protest

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FILE- This March 20, 2018, file photo shows the Spotify app on an iPad.  (AP Photo/Patrick Semansky, File)

Several artists, including Neil Young and Joni Mitchell, have taken their music off Spotify to protest Joe Rogan’s podcast.  So far, shares have dropped around 12% from where they closed last week. After removing his music, Young wrote, “I am doing this because Spotify is spreading fake information about vaccines – potentially causing death to those who believe the disinformation being spread by them. Please act on this immediately today and keep me informed of the time schedule.”

Newsweek reported that 11 million tune in for each one Joe Rogan’s podcast. That’s a lot of people hearing misinformation and that’s dangerous.


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