Spotify Plummets 30% in Value Following Meghan Markle’s Podcast Launch

In a devastating blow to Spotify, the popular music streaming platform has witnessed a staggering 30% decline in its value since the launch of Meghan Markle's podcast.

This unexpected turn of events has left the company reeling, as it not only lost millions of dollars but also invested a substantial amount in advertising for Markle.

It seems that the decision to align with the Duchess of Sussex has proven to be bad business for Spotify.

Once valued at nearly $70 billion, Spotify's worth has now plummeted to a mere $19 billion and continues to decline.

This alarming downward spiral raises questions about the wisdom of giving overexposed celebrities a platform to spread their views.

Markle's controversial reputation seems to have had a significant impact on Spotify's fortunes, with many viewing her as detestable and a bully.

This is not the first time a major media company has suffered from associating with Markle.

When Netflix announced a multi-year deal with the Duke and Duchess of Sussex, subscribers were not pleased, leading to a wave of cancellations.

As a result, Netflix experienced a 10% drop in stocks in a single day.

Today, the situation is even worse, with the company's value plummeting from $547 million per share to a mere $222 million.

The so-called “Markle Touch” has proven to be a curse rather than a blessing for these companies.

Meanwhile, allegations have surfaced suggesting that Spotify may be manipulating podcast rankings.

Despite claiming that Meghan Markle's podcast holds the third spot in the US, the most recent episode is only ranked 32nd.

All other episodes have failed to chart.

This raises doubts about the accuracy and transparency of Spotify's ranking system.

How can a podcast be considered number three when its latest episode struggles to gain traction?

In the fifth episode, Markle demonstrated her understanding of her loyal audience by providing a trigger warning before launching into a tirade against the Hollywood machine that she feels has ignored her.

The only significant opportunity she received was a voiceover role as an elephant in a Disney production.

Yet, she continues to criticize the industry for its portrayal of women.

Last week, she made derogatory remarks about Asian females, and this week she targeted characters from popular TV shows like “How I Met Your Mother” and “Scrubs.”

These discussions seem unrelated to her reported political ambitions but appear to appease Spotify, enabling the Markles to maintain their extravagant lifestyle.

During her podcast, Markle shared personal experiences of being labeled as crazy and hysterical.

She spoke about her loneliness and feeling like an outsider, despite her estranged father's financial contributions towards her education.

Additionally, she expressed a desire to experience emotions akin to those portrayed in Adele's albums, suggesting that societal expectations prevent her from doing so.

However, amidst all these revelations, Markle launched scathing attacks on Neil Patrick Harris' character in “How I Met Your Mother” and criticized a character from “Scrubs” for their portrayal of mental health issues.

Markle's podcast, titled “The Decoding of Crazy,” delves into the harmful effects of labeling individuals and the subsequent gaslighting that can occur.

She argues that constant labeling can lead people to believe they are unwell, diverting attention away from genuine issues.

Undeterred by criticism, Markle is determined to secure another lucrative contract, and her devoted followers are likely to support her every step of the way, even as Hollywood continues to ignore her.