Co-founder Martin Lorentzon made the comments at tech start-up event Sting in Stockholm on Thursday (May 7)
The concert will see the rapper performing rare tracks from his back-catalogue
Music streaming service has been criticised by a number of artists
Music streaming service has been deeply criticised since its launch
Chauncey Mahan sought co-ownership of tracks like 'Big Pimpin'' and 'Do It Again'
Rumours also circulating that the company have fired 25 other employees
Phone calls revealed as streaming platform attempts to lure Spotify users with playlist transfer option
The rapper's streaming service recently launched a new feature to help upcoming artists
The streaming service had been lambasted by critics for alleged favouring mainstream musicians
Jay-Z and Beyonce celebrate their seventh wedding anniversary