Spotify has reportedly spent less than 10 percent of its Joe Rogan apology fund (updated)

Spotify's financial apology for Joe Rogan's comments may not amount to much so far. Bloomberg sources claim the streaming service has spent less than 10 percent of its $100 million Creator Equity Fund, a pool meant to foster diversity in podcasts and music, in its first year of operation. The company reportedly planned to spend the whole fund over three years, but hasn't had a solid structure for approving spending and has been slow to hire staff. Changing priorities have also hurt the project, the insiders say.

Unionized workers at Parcast, a Spotify podcast network, have previously criticized the company over a lack of spending. In February, they complained to management that the company had greenlit just $5,000 out of the $100,000 earmarked for diversity plans.