comscore Joe Rogan controversy: Spotify loses $4 billion in market value as Neil Young pulls down music
News

Joe Rogan controversy: Spotify reportedly loses $4 billion in market value

As a sign of protest against comedian Joe Rogan's podcast, Neil Young, Joni Mitchell, and Nils Lofgren had their music removed from Spotify.

Spotify

Recently, Spotify was being criticised for its top-rated podcast “The Joe Rogan Experience” that aired misinformation about COVID-19 vaccines. The podcast apparently suggested that healthy young people don’t need the COVID-19 vaccine. As a sign of protest against comedian Joe Rogan’s podcast, Neil Young, Joni Mitchell, and Nils Lofgren had their music removed from the platform. Reportedly, this has led Spotify to lose $4 billion in market value. Hashtags including #DeleteSpotify and #CancelSpotify also trended on social media. Also Read - Govt bans over 35 WhatsApp groups for spreading misinformation about Agnipath scheme

To reduce the spread of misinformation on the platform, Spotify has announced to add “content advisory” to its podcasts that include discussion about COVID-19. This announcement is recently made by Chief Executive Officer Daniel Ek in a company blog. This news comes after the company recently faced backlash for giving voice to misinformation about COVID-19 vaccines. As per the blog, “This new effort to combat misinformation will roll out to countries around the world in the coming days. To our knowledge, this content advisory is the first of its kind by a major podcast platform.” Also Read - Spotify plans to launch audiobooks platform soon

According to Spotify, this content advisory will direct the listeners to the COVID-19 Hub that will provide the right information to the listeners. For the unversed, Spotify’s COVID-19 Hub is “a resource that provides easy access to data-driven facts, up-to-date information as shared by scientists, physicians, academics and public health authorities around the world, as well as links to trusted sources.”

The company has also announced the new “Spotify Platform Rules“, which will work as a guidebook for all creators on the platform including the ones whose work is shared across multiple platforms. Spotify explains that these rules are being localised into different languages to help creators understand how Spotify assesses content.

According to the company blog, “We will also begin testing ways to highlight our Platform Rules in our creator and publisher tools to raise awareness around what’s acceptable and help creators understand their accountability for the content they post on our platform.”

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: February 4, 2022 10:00 AM IST
  • Updated Date: February 4, 2022 3:08 PM IST



new arrivals in india