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Obama reveals he wants to work for… Spotify?

Barack Obama may be leaving the White House, but it looks like he's got his future all planned out.

Obama reveals he wants to work for... Spotify?
Barack Obama on a visit to Sweden in 2013. Photo: AP Photo/Frank Augstein

One of Obama's favourite trips abroad was his 2013 visit to Sweden, US tech entrepreneur, podcast editor and former The Local blogger Natalia Brzezinski has revealed the president told her.

She and her husband Mark Brzezinski, who was the US ambassador to Sweden 2011-2015, were invited to the White House on Wednesday evening along with other diplomats appointed by Obama.

“I finally got the chance to thank him for the life-changing appointment to Sweden,” she wrote in a post on Instagram.

“He said word for word: 'I loved visiting you in Stockholm, it was my favourite trip. I plan to go back there really soon'.”

Obama went to Stockholm on an official state visit in 2013. And Brzezinski, the CEO of creative tech festival Symposium Stockholm, revealed she tried to tempt him back to attend its Brilliant Minds conference in June.

He did not promise anything, but did at least urge Brzezinski to “send him the details”.

Obama leaves his post on January 20th, handing over the reins to Republican president-elect Donald Trump. As for the outgoing president's future, it looks like he's got his heart set on a certain Swedish music streaming giant.

“I'm still waiting for my job at Spotify… 'cause I know y'all loved my playlist,” Brzezinski quoted him as saying.

We are pretty sure he was joking, but it is not the first time Obama has praised Sweden.

Former prime minister Fredrik Reinfeldt revealed in an interview last year that the US president had told him on his visit to Stockholm that he would love to return again with his family.

“Shortly thereafter I met Michelle and Barack Obama again in New York and Michelle confirmed that Barack talked to her about it after his visit to Stockholm. I said I hoped they would find time to return after his presidency,” Reinfeldt told the Aftonbladet tabloid in September.

BUSINESS

Spotify reports strong growth in users as it announces price rise

Spotify on Tuesday reported a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

Spotify reports strong growth in users as it announces price rise

The Swedish company, which is listed on the New York stock exchange, said it’s total active users rose 27 percent to 551 million year-on-year, or 21 million more than it expected. The number of paying subscribers also rose, with a 17 percent jump to 220 million — three million more than expected.

On Monday, the company announced it was raising its prices for premium subscribers “across a number of markets around the world,” following in the footsteps of similar moves by competing music services from Apple and Amazon.

Despite the boost in users, Spotify reported a bigger operating loss of 247 million euros ($273 million) in the second quarter, compared to a loss of 194 million euros for the same period a year earlier.

The company said it was “primarily impacted by charges related to our actions to streamline operations and reduce costs.”

In early June, Spotify announced it would be cutting some 200 positions working with podcasts.

That move came after a January announcement that Spotify was cutting around 600 jobs — equalling about six percent of its workforce — following similar moves by other tech industry giants.

Spotify has invested heavily since its launch to fuel growth with expansions into new markets and, in later years, exclusive content such as
podcasts. It has invested over a billion dollars into podcasts alone.

In 2017, the company had around 3,000 staff members, more than tripling the figure to around 9,800 at the end on 2022.

The company has never posted a full-year net profit and only occasionally quarterly profits despite its success in the online music market.

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