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Spotify did NOT LOSE ~$4B BECAUSE of Neil Young

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On the 26th of Jan 2022, Neil Young requested Spotify remove his music from their platform.

Neil Young Press Release

Lots of misleading news then circulates the web, suggesting that Spotify lose $4billion in stock value due to Young's decision to leave Spotify in protest against hosting Joe Rogan.

These charts just serve to prove and demonstrate that the market has been in a downward trend, not just for Spotify, but for many many others.

Likewise these charts serve to disprove that Spotify lost $4Billion BECAUSE of Neil Young's.

Sample Misleading News

FOREX PRESS

Reddit

SanFrancisco Chronicle

Penafian

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