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Two decades ago, there were zero podcasts. In 2023, Apple Podcasts alone was home to over 2.6 million, with 87.6 million episodes between them. But, as with any gold rush, there is always a reckoning. The only-way-is-up trajectory had a serious wobble in June, when Spotify suddenly downsized its podcast business. It then parted ways with Meghan and Harry after the couple’s Archewell Audio spectacularly failed to deliver on its promise of interesting content and celebrity guests. The same month, Stitcher, the app that helped get podcasts on the mainstream entertainment map, announced it was closing.

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