Following the announcement, Spotify’s stock price went down by as much as 18pc on Wednesday (2 February).

The streaming company forecasted that it will reach 183m paid subscribers in the current quarter, just short of analyst expectations of 184m, Reuters reported. Spotify’s stock took a hit after it predicted a slowdown in subscriber growth in the first quarter of this year. 28), according to Barron's.As Spotify continues to deal with the Joe Rogan fallout, the streaming platform is forecasting a slow start to the year. It should be noted that the stock market as a whole has been down, with stocks 'swinging from losses to gains' on Friday (Jan. All in all, it doesn't look good for Spotify stock, which has already dropped 45% in value in the past year. “I stand in solidarity with Neil Young and the global scientific and medical communities on this issue.” The hashtags #DeleteSpotify and #CancelSpotify also began trending on Twitter.Īccording to Forbes, Spotify's investors are becoming worried about the service's standings among the controversy, especially if other artists follow in Young and Mitchell's footsteps. The folk musician removed her catalog off of the platform. “Irresponsible people are spreading lies that are costing people their lives,” Mitchell says via her website. Joni Mitchell is the latest to chime in on the controversy.

Disturbed's David Draiman praised spotify for 'making the right call' and for 'preserving free speech.' On the other hand, Sebastian Bach slammed artists who side with Rogan over Young, saying, 'Imagine calling yourself a rocker yet siding with some dude who has a podcast over Neil Young.'

There are musicians in support of both sides.

Spotify stock joe rogan