According to the search results, there are conflicting theories about whether "Karma" is an album by Taylor Swift or just a song. Here are the key points:

• Some fans believe that "Karma" is a lost album in Taylor Swifts discography, which was meant to follow her 2014 album "1989". However, there is no concrete evidence to support this theory.

• Others believe that "Karma" is simply a song on Taylor Swifts tenth studio album, "Midnights," which was released in 2022).

• The song "Karma" was written and produced by Taylor Swift, Jack Antonoff, Sounwave, Keanu Beats, and Jahaan Sweet).

• The song "Karma" was released as the third single from "Midnights" on May 1, 2023, and a remix featuring American rapper Ice Spice was released on May 26, 2023).

• There is a lyric video for the song "Karma" on Taylor Swifts official YouTube channel.

In summary, "Karma" is a song by Taylor Swift that appears on her album "Midnights." While some fans believe that "Karma" was originally intended to be an album, there is no concrete evidence to support this theory.