“Obviously it’s been a few notable days here at Spotify. When we entered the podcast space in 2019 … we assumed it would challenge and test our teams in new ways and and there’s no doubt that the last several weeks have presented a number of learning opportunities,” he said.
“There is still work to be done,” he noted. But the music streamer has already implemented several first-of-its-kind measures to help combat misinformation and provide greater transparency.” Ek said over the weekend that Spotify to any podcast episode that will includes a discussion about COVID-19 directing listeners to a dedicated hub with resource and links to information about the virus.He said today he believes Spotify has “a critical role to paly in balancing creative expression with the safety of our users.”
The company has another headache — Wall Street wasn’t thrilled with the numbers and forecasts released after market close. Its shares took a 17% nosedive in after-hours trading, before settling down about 10%.Spotify said monthly active users rose 18% to 404 million for the fourth quarter of 2021 as premium subscribers hit 183 million and revenue grew 24%. It reported numbers as controversy swirls around Joe Rogan.
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