Posted in: Tattle, Technology

Spotify stocks fall as executives seek to reassure amid Rogan controversy

Subscriber outlook overshadowed fourth-quarter earnings as the company’s shares fell nearly 18% in late trading

Spotify on Wednesday forecast current-quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not cratered even as it deals with the fallout from the controversy around the Joe Rogan Experience podcast.

The company’s shares fell as much as 18% in late trading after Spotify reported the subscriber outlook.

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