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

Photo Credit: Napster
Napster’s future is now completely 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 investor has seemingly vanished. Unfortunately, that cash was central to pro