Could Barack Obama become Spotify's first President of Playlists? Responding to a tongue-in-cheek suggestion by the president, the music streaming service posted a playful job ad for the world leader in his retirement.
If Obama were to pick up a title at his favorite music streaming service, it would increase the company's potential for investors. After all, his curated summer playlists have been among Spotify's most popular. However, Spotify is still privately held (there are rumors of an IPO in 2017).
Although it may be tempting for investors to jump into competitor Pandora (P) , that would be a risky move, especially now. Pandora's story is much like that of Twitter (TWTR) : good product, poor monetization and terrible stock.
Pandora shares have been sinking since the end of last week, when hopes that satellite radio company Sirius XM Holdings (SIRI) would acquire the company were dashed. Shares fell almost 1% to $12.02 in Tuesday trading.