Why These Analysts Think Spotify Will Be ‘Just Fine’ Despite Raging Joe Rogan Controversy

Why These Analysts Think Spotify Will Be ‘Just Fine’ Despite Raging Joe Rogan Controversy
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange, on May 3, 2018. Brendan McDermid/Reuters
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Loup Funds analysts Gene Munster and Doug Clinton said Monday that Spotify Technology SA is going to be “just fine” in the end despite the raging controversy over Joe Rogan and the COVID-19 pandemic.

What Happened

The two Loup analysts took note of artists such as Neil Young taking issue with comments made on Spotify’s platform in relation to the ongoing pandemic.

Munster said that Apple Music, a Spotify-rival owned by Apple Inc., is now showcasing artists that have been stepping away from Spotify.