Spotify (NYSE:SPOT) stock is in a tight spot — pun intended. The music streaming giant continues to battle backlash against comedian Joe Rogan, who hosts the company’s most popular podcast.
The Joe Rogan Experience is under attack for the host’s vaccine conspiracy theories and past racial slurs. The show typically draws an average of 11 million listeners per episode.
Influential musicians such as Neil Young and Joni Mitchell have pulled their music from the platform in response to Rogan’s comments about Covid-19 vaccines. The company also recently took down 113 episodes of the podcast that contained racist language.
So far, Joe Rogan has apologized and Spotify is sticking by the controversial podcaster. But there are now rumblings that his days with Spotify could be numbered. If that is the case, he might be snatched up by another suitor.
Joe Rogan Could Get Ready to Rumble
Several media outlets, including Time magazine, are reporting Rumble has offered Joe Rogan $100 million to leave Spotify and bring his podcast over to the conservative video-sharing platform.