![]() Overall podcast consumption more than doubled in that first pandemic year, when it bought the Joe Rogan Experience, the Michelle Obama podcast, and other big brands. Searches for meditation podcasts, and for music that could be tagged “chill” or “instrumental,” increased. Paid subscribers rose sharply, as people stayed at home and listened to Spotify as they cooked, cleaned, or relaxed. The first full year of the covid-19 pandemic had been good for Spotify, its shares nearly doubling in that period. Spotify went public in 2018, and its stock hit an all-time high closing price of $364.59 in February 2021. Although Spotify is due to make the leap into the video streaming service. It’s an uncomfortable fact that Spotify has to contend with as it prepares to announce its fourth-quarter results today (Feb. A new report suggests that streaming service Spotify is in trouble - big trouble. But Spotify’s stock price has been falling from its mid-pandemic peak for months now-even before Neil Young and other artists started pulling their songs from the streaming platform for hosting Rogan’s podcast and its flimsy views on vaccines.
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