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Spotify shares fall after Joe Rogan's podcast briefly not accessible

Published 02/18/2022, 02:05 PM
Updated 02/18/2022, 02:10 PM
© Reuters. FILE PHOTO: A smartphone is seen in front of a screen projection of Spotify logo, in this picture illustration taken April 1, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
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(Reuters) - Spotify (NYSE:SPOT) Technology's shares fell 5% on Friday after Joe Rogan's podcast was briefly not accessible on the company's streaming platform.

The podcast can now be accessed and Spotify did not immediately respond to a request for comment.

The company has been under fire after Rogan, who signed a $100-million deal with Spotify in 2020, aired controversial COVID-19 views on his show and drew protests from artists Neil Young, Joni Mitchell and India Arie.

© Reuters. FILE PHOTO: A smartphone is seen in front of a screen projection of Spotify logo, in this picture illustration taken April 1, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Spotify's Chief Content Officer Dawn Ostroff told advertisers at a conference last week that the backlash around Rogan's podcast had been a "real learning experience" for the streaming service.

The company's shares, which have fallen about 59% since hitting a record high nearly a year ago, were trading at $151.16 on the New York Stock Exchange.

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