Instead, they are willing to pay big money on websites like OnlyFans to get a more personal experience.Ĭovid is the final straw. Sorry for a crude analogy, but people can't be bothered watching professional porn any more. Heck, we even see it in in adult industry. People simply prefer more decentralized, peer-to-peer systems. We see it in media, entertainment, international organizations (WHO, IMF, EU), even governments and nation states themselves. I see 2020s as a decade where faith in "authority" and "institutions" will be completely eroded. I see that as a reflection of a wider trend. Wells Fargo analyst Steve Cahall, in a note to clients on Wednesday, praised Spotify for signing.We should ask ourselves why is Joe Rogan so popular.
Also Read: 'The Last Dance' Helped the Chicago Bulls Intro Song Blow Up on Spotify As part of the deal, “The Joe Rogan Experience” will hit Spotify on September 1 before being exclusively available on the streaming service by the end of 2020. (The Stockholm-based company now has a market cap of $35.3 billion.) In other words: Spotify investors have clearly signed off on the company’s bet on signing top podcasters like Rogan. That run, following Rogan’s tweet, translates to more than $3.0 billion added to Spotify’s valuation. The company’s stock price spiked during the rest of the trading day on Tuesday, closing a hair above $175 per share that surge carried over to Wednesday, with Spotify’s stock price leaping another 8.5%, to $189.80 per share. PT on Tuesday, Spotify’s stock was trading at $169.35 per share.
Here’s what that means: When Rogan tweeted he would be taking his podcast to Spotify at 11:30 a.m. Spotify’s exclusive podcasting deal with Joe Rogan, which the Wall Street Journal reported to be worth more than $100 million, already looks like a bargain for the streaming giant.
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