20 earnings release, the company’s share price fell 29.2% over the next four trading days. After Netflix issued surprisingly low guidance for first-quarter subscriber acquisitions in its Jan. 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.Ana Perez of City National Bank Offers 5 Finance Tips for Artists on 'Latin Hitmaker' PodcastĮven with Monday’s rally, Spotify shares were down 19.2% in January alone - and not because of Rogan or Young. 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. That marks almost a 50% drop since November 1, 2021. 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.

As American Songwriter reported earlier this year, Spotify stock (SPOT) has fallen 25% since the turn of 2022.

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