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Fake News: Spotify Hasn’t Lost $2 Billion Because Of Neil Young

Spotify’s stock has actually increased in value since the Neil Young driven backlash

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A slew of reports claiming that Spotify has had $2 billion wiped off its market value because of the actions of Neil Young and others in opposing Joe Rogan’s content on the platform are fake news.

Variety and others ran headlines over the weekend like “Spotify Lost More Than $2 Billion in Market Value After Neil Young Pulled His Music Over Joe Rogan’s Podcast.”

As pointed out by many on social media, however, the drop in value of Spotify stock is part of a longer downward trend that started before Neil Young uttered a word about Rogan.

Indeed, Spotify’s stock has actually increased in value since the Neil Young driven backlash.

The writer of the Variety piece even admitted in the article “To be sure, Spotify’s stock price was already on the slide — having plummeted 25% year-to-date as of January 25, the day before Young’s catalog was pulled off Spotify.”

But the majority failed to read beyond the headline, as is the case with most people looking for verification of their own pro-censorship opinions.

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    censorship

    She Just Admitted It

    As if it was nothing.

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    A UN official admitted at a WEF conference that the United Nations works directly with Google to rig the Google search engine.

    Please share this video! https://youtu.be/9IwEv_rluhw

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    You’ll Barely Believe This

    The Stasi returns.

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    Authorities in Germany are raiding people’s homes for ‘online hate speech’.

    This included someone who highlighted the hypocrisy of politicians, another man who called a journalist “stupid,” people who misattributed quotes, and other who made fun of people in authority.

    Hate speech laws don’t protect the weak, they protect the powerful.

    Please share this video! https://youtu.be/1BJ7BCV9KrA

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    censorship

    PayPal Could Be Legally Prevented From Banning People For Their Political Views

    New law would end discrimination.

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    SOPA Images via Getty Images

    PayPal could be prevented by law from banning people over their political views, after the company faced a backlash following its decision to terminate the accounts of several high profile groups.

    Although PayPal has been banning conservatives and right-wingers for years, its recent move to terminate accounts operated by the Free Speech Union and other groups in the UK that opposed lockdowns and vaccine mandates has apparently been a step too far.

    Following the controversy, dozens of Conservative Party MPs, including Michael Gove, David Davis and Sir Iain Duncan Smith, signed an open letter to Jacob Rees-Mogg’s Business Department demanding that PayPal be legally barred from imposing discriminatory practices.

    The letter asserts that it is “hard to avoid construing PayPal’s actions as an orchestrated, politically motivated move to silence critical or dissenting views on these topics within the U.K.”

    This morning, the London Times also published a powerful piece by Jawad Iqbal which highlighted the dangers of allowing PayPal to abuse such powers.

    “This is censorship by corporate diktat: the company sets its own rules and interprets them as it sees fit. It appears oblivious to the notion that it is wrong in principle to withdraw vital services from people because of their political views. Would it be acceptable for a supermarket to refuse to serve a customer because of their politics or for a high street bank to refuse to make a payment to a company it deemed politically objectionable?” asked Iqbal.

    After questions were asked in Parliament about the issue, a new law could be on the cards that would put an end to PayPal’s crusade against dissident viewpoints.

    “Conservative backbenchers are considering launching an amendment to upcoming financial legislation in the House of Commons that would ban companies from freezing campaigners’ accounts,” reports the Telegraph.

    “One source said ministers are likely to accept the amendment to the law because Conservative backbenchers will support it.”

    The Department of Culture, Media and Sport has also demanded answers from PayPal.

    The familiar old argument from leftists, who apparently now vehemently support monopolistic transnational corporations using their might and vast resources to impose censorship, is that “PayPal is a private company and can ban who it wants.”

    However, at least in the UK, that isn’t strictly true.

    PayPal is regulated by the Financial Conduct Authority (FCA), which mandates “All firms must be able to show consistently that fair treatment of customers is at the heart of their business model.”

    Fair treatment of customers clearly isn’t at the heart of PayPal’s business model, it’s literally the exact opposite.

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