Joe Budden aired out his issues with Spotify last week and announced he’d be leaving the company as soon as his contract is up. The streaming giant has been hosting The Joe Budden Podcast since September 2018 but apparently the deal went sour.
Now, the former Slaughterhouse MC is reveling in Spotify’s perceived fall from grace. On Wednesday (September 2), Budden used his Instagram Stories to share some analytics regarding Spotify stock. The graph shows the company taking a 22.90 loss, something Budden is evidently happy to see.
He also shared a screenshot of an article by The Verge with the headline “A third Spotify-owned podcast company is starting a union.” He wrote across the photo, “You’re crazy until you aren’t,” insinuating there were some questionable moves being made behind the scenes.
Joe Budden reacts to Spotify making secret moves & posts their stock dropping pic.twitter.com/VHWDbuq1oF
— 2Cool2Blog (@2Cool2BIog) September 2, 2020
Budden addressed his issues with Spotify on August 26 during an episode of his show, saying, “September 23rd, I cannot tell you where this podcast will be. But as it stands, I can tell you where it will not be, and that is Spotify. Spotify never cared about this podcast individually. Spotify only cared about our contribution to the platform.”
He added his podcast has been “undermined and undervalued” and cited a $250 million deal with Bill Simmons for The Ringer, which he said shows Spotify is “actively pitting [these signings] against us.”
According to The Verge article, a company Spotify recently acquired called Parcast is unionizing. It wants to see Spotify “commit to diversity, equity, and inclusion, as well as maintain a reasonable workload and overtime compensation.”
Parcast is also seeking “clear job descriptions, equitable pay, transparent salary bands, and movement around creative and IP.” Spotify said in a statement it plans to review the proposal.
Check it out below.
Proud to announce the formation of our union with the @WGAEast. We love making podcasts and are confident that our union will help ensure a sustainable, equitable future in our fast-changing industry. pic.twitter.com/sQ0X4XH3Ju
— Parcast Union (@ParcastUnion) September 2, 2020