According to Variety, Spotify lost about $2.1 billion in market share over the past few days (The San Francisco Chronicle puts it closer to $4 billion) while their stocks fell 6% between January 26 and 28. Songwriter Joni Mitchell, whose songs have tens (and sometimes hundreds) of millions of plays on Spotify, has also announced she's leaving the platform. Mitchell said "I've decided to remove all my music from Spotify. Irresponsible people are spreading lies that are costing people their lives. I stand in solidarity with Neil Young and the global scientific and medical communities on this issue."

As much as I'd like to remove my music from Spotify, I really can't. Booking live shows for Sungazer is based on how many Spotify listeners we have in a given market. At our level, Spotify is the industry de facto source for those analytics.

— licc bass, not boots (@its_adamneely) January 29, 2022

READ THE FULL ARTICLE AT METALINJECTION