The stock of Spotify Technology (SPOT.N) dropped 5% on Friday after Joe Rogan’s podcast was temporarily unavailable on the company’s streaming platform.
The podcast is currently available, but Spotify did not react to a request for comment right away.
Rogan, who secured a $100 million agreement with Spotify in 2020, has come under fire for airing controversial COVID-19 views on his show, which garnered concerns from artists Neil Young, Joni Mitchell, and India Arie.
At a conference last week, Spotify’s Chief Content Officer Dawn Ostroff told advertisers that the backlash to Rogan’s podcast had been a “real learning experience” for the streaming service.
The company’s stock was selling at $151.16 on the New York Stock Exchange, down 59 percent since setting a record high about a year ago.
