The Latest Breaking News from Spotify

Streaming giant’s share price has dropped by almost one-third this year

No new episode since 27 January

Neil Young, Joni Mitchell, and more have removed their catalogues from the streaming platform

After a week when artists lambasted Spotify for spreading vaccine misinformation and for its low royalty payments, one unknown NFT firm started its own furor in the world of digital music.

Spotify Technology SA (NYSE: SPOT) is trading lower Thursday morning after the company reported fourth-quarter financial results and issued guidance. Spotify reported quarterly revenue of 2.689 billion euros ($3.03 billion), representing an increase of 24% year-over-year.

String of musicians have left the streaming giant in protest at

It comes as the platform continues to face criticism for its handling of coronavirus 'misinformation'

Spotify CEO Daniel Ek told employees Wednesday morning that the streaming service doesn’t closely supervise controversial podcast host Joe Rogan because the company sees itself as a platform to distribute Rogan’s show rather than as Rogan’s publisher, according to two employees who listened to the remarks.

In protest, the podcast will stop releasing its typical episodes, focusing on misinformation-debunking instead.

The row had already escalated on Tuesday when White House press secretary Jen Psaki said 'more can be done' by Spotify to tackle the spread of coronavirus misinformation

Streaming platform Spotify Technology (NYSE: SPOT) reported fourth-quarter and full fiscal year financial earnings after the market close Wednesday. Here are the highlights — and how shares are reacting.