Napster’s $3 Billion Funding Round Goes Poof—CEO Blames ‘Misconduct’ As Future of Streaming Platform Thrown Into Doubt

Napster’s future is uncertain as the company’s $3 billion funding falls through. The company’s CEO says Napster was a victim of misconduct. In January, streaming platform Napster told employees and investors that a mysterious benefactor had committed around $3.36 billion at a $12 billion valuation—but it turns out that money doesn’t exist and the unknown […]