It’s certainly not making the company’s investors feel very safe that others are joining Neil Young in his campaign.

Since the beginning of 2022, Spotify’s stock has dropped in value by 25%, costing the streaming service $4 billion. But now, as folk musician Joni Mitchell offers solidarity with Young by removing her catalog from Spotify and the hashtags #DeleteSpotify and #CancelSpotify trend online, it seems like this movement is actually altering the online service’s value - to the tune of $4 billion.Īccording to Forbes, Spotify’s investors are becoming a little worried about the service’s standings amidst the Neil Young controversy. Spotify removed Young’s music, prompting Disturbed’s David Draiman and Hatebreed’s Jamey Jasta to publicly agree with the service and inspiring metal singer Sebastian Bach to call both of them out online. Singer/songwriter Neil Young demanded his music be taken off the streaming giant rather than share a platform with podcaster Joe Rogan’s COVID misinformation. If you’re a fan of rock music, you’ve no doubt heard that Spotify is becoming a battleground for some of our senior musicians.

Why is spotify stock dropping