Neil Young? The same Neil Young that blamed gay people for aids?
Spotify loses $4B in market value following Neil Young controversy
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Re: Spotify loses $4B in market value following Neil Young controversy
#12Inflation is up, Fed is suggesting rate hikes. Both of these are major hits against growth stocks.
The question for investors is the so called "Alpha", that is, what is Spotify's price movement against its "benchmark" (and benchmark can be somewhat arbitrarily chosen).
S&P500 is a common benchmark, but that represents the general stock market, particularly large-caps.
QQQ (Nasdaq) is another, representing tech firms. But with Microsoft and Apple as established companies who'd likely benefit from rising rates and inflation, maybe that's not the best.
ARKK is hyperfocused on high-tech growth stocks like Spotify (and includes ~5% of ARKK is Spotify). Is that the proper benchmark to determine alpha? Also, as a hyper-specialized ETF, there's a bit of "tail-wagging-the-dog" effect, where ARKK is down, which causes the underlying (like Spotify) to go down. So despite being so similar (even consisting) of Spotify, it can arguably be the wrong benchmark. (Or, ARKK is down because 5% of it is in Spotify, and the whole Neil Young / Rogan thing is weighing ARKK down)
Maybe Russell 3000 (small stock index) is what we want to compare against? Small stocks are almost entirely of the growth style, and you've got enough other stocks in the index that you won't have the tail-wagging-dog effect.
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Lots of benchmarks to choose from. Its not about how a stock does individually, but how a stock compares against its peers. The discussion should revolve around picking the right peer group.
Re: Spotify loses $4B in market value following Neil Young controversy
#13Spotify has been trending downwards for some time. I doubt Young has anything to do with it. This is really shoddy journalism.
Re: Spotify loses $4B in market value following Neil Young controversy
#14It will help if more musicians pile on to remove their catalogs. Rogan is turning into or already is the new Rush. As he gets older and dumber he will only continue to push more harmful views.
Rogan was always stupid that's what makes him relatable. The whole podcast formula is to have some average dimwitted Joe taking with a crazy array of guests, just like when you go to his show you can feel good that you and everyone else are at least as funny as a popular comedian.
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Re: Spotify loses $4B in market value following Neil Young controversy
#15It will help if more musicians pile on to remove their catalogs. Rogan is turning into or already is the new Rush. As he gets older and dumber he will only continue to push more harmful views.
Seems a bit shortsighted to self-justify censorship by claiming both the ability to read minds and predict the future.
It is the end result of free speech. Free to say what you want and then you have to be an adult and deal with the results.
If it was just your crazy uncle who stands on the corner and yells his crazy it would be fine. His audience is small and his reach is tiny. So who cares.
When you have a LOT of people listening Rogan does actively cause harm to a percentage of his audience who are incapable of understanding he is an uninformed idiot.
How many people died from his views? How many people took horse medicine instead of seeking out people with brains? I am sure there are a number of people dead today because of him. It is what it is. Or maybe it is darwin.
Re: Spotify loses $4B in market value following Neil Young controversy
#16Neil Young? The same Neil Young that blamed gay people for aids? https://www.youtube.com/watch?v=dTn9cHGPmUw
That's great, but it didn't cost anyone anything.
> Joe Rogan is telling the truth about things that the government is lying about
The truth is Rogan just cost Spotify FOUR BILLION DOLLARS. Let's see him conspiracy theory his way out of that. Joe Rogan is intelligent. He couldn't possibly believe what the Trumptards believe... it's just his revenue model of feeding the idiots exactly what they want to hear. No, it isn't true, and he knows it, and until yesterday, he was laughing all the way to the bank. You better believe he's concerned, but he'll double down on pretending not to care. Jesus, $4B. That's a lot of tamales.
Re: Spotify loses $4B in market value following Neil Young controversy
#17Neil Young? The same Neil Young that blamed gay people for aids? https://www.youtube.com/watch?v=dTn9cHGPmUw
That's great, but it didn't cost anyone anything. > Joe Rogan is telling the truth about things that the government is lying about The truth is Rogan just cost Spotify FOUR BILLION DOLLARS. Let's see him conspiracy theory his way out of that. Joe Rogan is intelligent. He couldn't possibly believe what the Trumptards believe... it's just his revenue model of feeding the idiots exactly what they want to hear. No, it is…
Ah yes, money is the only and most important metric by which everything must be judged
/s
Re: Spotify loses $4B in market value following Neil Young controversy
#18Earlier quoted context omitted.
That's great, but it didn't cost anyone anything. > Joe Rogan is telling the truth about things that the government is lying about The truth is Rogan just cost Spotify FOUR BILLION DOLLARS. Let's see him conspiracy theory his way out of that. Joe Rogan is intelligent. He couldn't possibly believe what the Trumptards believe... it's just his revenue model of feeding the idiots exactly what they want to hear. No, it is…
Ah yes, money is the only and most important metric by which everything must be judged /s
Yes, quite obviously and as it should be. Excellent tautology.
/t
Re: Spotify loses $4B in market value following Neil Young controversy
#19It will help if more musicians pile on to remove their catalogs. Rogan is turning into or already is the new Rush. As he gets older and dumber he will only continue to push more harmful views.
Rogan was always stupid that's what makes him relatable. The whole podcast formula is to have some average dimwitted Joe taking with a crazy array of guests, just like when you go to his show you can feel good that you and everyone else are at least as funny as a popular comedian.
Elitest nonsense, while he's not everyone cup of tea he has had some excellent guests on. Its the great thing about freedom, you can choose to consume it or not.
Re: Spotify loses $4B in market value following Neil Young controversy
#20Neil Young? The same Neil Young that blamed gay people for aids? https://www.youtube.com/watch?v=dTn9cHGPmUw
That's great, but it didn't cost anyone anything. > Joe Rogan is telling the truth about things that the government is lying about The truth is Rogan just cost Spotify FOUR BILLION DOLLARS. Let's see him conspiracy theory his way out of that. Joe Rogan is intelligent. He couldn't possibly believe what the Trumptards believe... it's just his revenue model of feeding the idiots exactly what they want to hear. No, it is…
Tech stocks are down across the board, and so is the stock market at-large.