I want to make one point very clear – I do not believe that silencing Joe is the answer.'Įk continued by saying, '.canceling voices is a slippery slope.'

'While I strongly condemn what Joe has said and I agree with his decision to remove past episodes from our platform, I realize some will want more. However, Ek added that he does not plan to remove The Joe Rogan Experience from the streaming platform. Not only are some of Joe Rogan’s comments incredibly hurtful – I want to make clear that they do not represent the values of this company.'įull text of Spotify CEO Daniel Ek’s note to staff: /3FHlmzV3UW- Peter Kafka February 7, 2022 'There are no words I can say to adequately convey how deeply sorry I am for the way The Joe Rogan Experience controversy continues to impact each of you. Overall, Spotify has been keeping its growth on track and has invested aggressively in podcasting as a way to fatten up its business, but investors lately have been questioning whether that's enough for Spotify to book meaningful, lasting profits.Spotify CEO Daniel Ek released a memo over the weekend to his employees that he was 'deeply sorry' for the way Joe Rogan’s podcast affected them. But even though the cultural shift has made huge troves of music more accessible and affordable for millions of listeners like you, the economics of music streaming are still a lean business. 'I believe our best days are ahead.'Īs streaming has surged to become the most common way people listen to tunes, Spotify has emerged as the dominant music service. 'I've always been vocal about my strong belief in Spotify and what we are building,' Ek said in a tweet disclosing the purchase. The stock closed Thursday at $105.59 after closing as low as $96.67 last week. Spotify shares have been closing lately at some of their lowest prices since the company went public in 2018. Spotify CEO Daniel Ek said Friday that he bought $50 million worth of Spotify shares, framing his purchase as a vote of confidence in the company he founded as its share price hits record lows.

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