Other factors, market analysts say, include a general bear market in the tech sector, and more recently, the United States continuing to posture with Russia in Ukraine is not helping the investing. Even Dwayne “The Rock” Johnson, who once backed Rogan, has walked back his position.Įxperts (like Market Watch) say don’t blame the Rogan controversy-that it doesn’t fall on his shoulders. While Young and other artists like Joni Mitchell, India,Arie, and Nils Lofgren may not be the only reason for this drop, their protests against the popular streaming service certainly haven’t helped. The Stockholm-based company lost the equivalent of 23 cents a share on sales of 2. That marks almost a 50% drop since November 1, 2021. Spotify Stock Falls On Earnings News On the stock market today, Spotify stock dropped 5.7 to close at 223.32. Today, on February 16, one share of Spotify stock is valued at $163.91. On January 27, the price per share had plummeted to $171.32. On January 12, just a few days before Neil Young would make his ultimatum to the company, saying it was either him or podcaster Joe Rogan, who Young and others have claimed has been spreading COVID-19 misinformation and racism, the stock was valued at $239.26. On November 1, 2021, shares were valued at $300.95. All rights reserved.As American Songwriter reported earlier this year, Spotify stock (SPOT) has fallen 25% since the turn of 2022. Major League Baseball trademarks and copyrights are used with permission of MLB Advanced Media, L.P.Learn more about how Apple Card applications are evaluated at /kb/HT209218.Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch.
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