In a major blow to Spotify, the streaming platform has experienced a significant decline in its value after the launch of Meghan Markle’s podcast.
The repercussions have been severe, with the company losing millions of dollars within just over a month.
Moreover, Spotify has also invested heavily in advertising for Markle, exacerbating their losses.
This turn of events highlights the detrimental impact of associating with overexposed celebrities and allowing them a platform to spread misinformation and hate.
Once valued at nearly $70 billion, Spotify’s worth has now plummeted to a mere $19 billion and continues to decline.
It seems that companies fail to grasp the fact that Markle possesses the opposite of the Midas Touch.
The ill-fated decision to spend millions on someone who is widely perceived as detestable and a bully has proven disastrous for Spotify, mirroring the experience Netflix encountered when it signed a multi-year deal with the couple.
Following Netflix’s announcement, discontented subscribers promptly canceled their subscriptions, causing the company’s stocks to plummet by almost 10% in a single day.
Since then, the situation has only worsened, with Netflix’s value more than halving from $547 million per share to $222 million today.
The so-called “Markle Touch” has clearly left a trail of destruction in its wake, serving as a cautionary tale for all companies to be wary of the curse that accompanies association with the disgraced couple.
Meanwhile, allegations of number manipulation continue to surround Spotify.
Despite claiming that Meghan’s podcast ranks third in the US according to their mystical ranking system, the most recent episode languishes at number 32.
None of the other episodes have managed to chart successfully either.
This raises serious questions about the validity of Spotify’s claims.
How can this possibly be the number three podcast?
In the fifth episode, Meghan demonstrated her alignment with the views of her loyal followers by issuing a trigger warning at the outset.
She then launched into another diatribe against the Hollywood machine that she believes has consistently ignored her, except for the time when Prince Harry beseeched Disney executive Robert Iger for a job in front of Beyonce.
This incident secured Meghan a voiceover role as an elephant, and it appears to be the extent of her Hollywood career thus far.
Undeterred by her lack of success, Meghan now takes aim at the entertainment industry for its portrayal of mentally unstable women.
Last week, she stooped to a new low by referring to Asian female characters in movies as “s**-hungry.”
This week, she found fault with characters in popular sitcoms like “How I Met Your Mother” and “Scrubs.”
However, it remains unclear how these discussions align with her reported political ambitions.
They seem to serve the purpose of appeasing Spotify rather than advancing any meaningful agenda.
During the podcast, Meghan recounted instances where she has been labeled crazy and hysterical.
She also spoke about her feelings of loneliness and not fitting in, despite her father having paid for an education at a prestigious school.
And yet, there is more.
Meghan apparently yearns to experience emotions so deeply that it resembles an Adele album, but society allegedly prevents her from doing so.
In an attempt to decode what she perceives as craziness, Meghan viciously attacked Neil Patrick Harris’ character in “How I Met Your Mother” and criticized a character from “Scrubs” for saying, “I can’t take it Carla, I can’t hide the crazy a minute longer.