So I actually looked into this properly since these graduations have been popping up in several places I frequent lately and it annoyed me how little people understood investments.
First of all, Towa, another talent of the company, explained that the reason they keep using "disagreements with management" as a reason is that it's just a catch all term. They can use it if they don't feel like sharing the personal reasons they're splitting with the company, if they have actual disagreements, or just as a way to sponge up any gossip. It doesn't actually mean anything and it doesn't mean the company suddenly and spontaneously flipped the "be evil" switch on the wall by accident.
Second, a lot of people blame them "going public" but ignore why they did. It was seed investors, which means they just gave the company some money early on for some large chunk of it but not necessarily a majority. That means that most likely the investors had a term that said that after a set period they'd want a way to make their money back, which would either be the company buying them out or it going public so they could sell the shares they owned on the open marker. The boss of the company regularly tells them no in the public shareholder meetings anyway in "office speak", so it's pretty clear he or his "faction" still holds majority and he didn't use the opportunity to sell his own.
Overall it seems more like internet sensationalism to me.
I have not had the ability to keep up with Vtubers, but I have to say that this situation, if it's true, has bought to mind some claims about Nijisanji's decline in quality as a company, which I feel could be seen as a sign of VTubers as a whole dying as a trend. I can understand it's not necessarily a situation that shows internal rot, but if it is, then there is something that shows problems.
Nijisanji managed to shoot themselves not just in the foot, but in the head several times. It was a great display of incompetence on their part and a much better example of a company run chasing shareholders than this one. I imagine Cover's problem is that some of the girls probably had cooled off and became more lukewarm on the company, some had legitimate health reasons to leave, and their management pushed a rather minor internal change that made those girls decide they wanted to bow out while the ones who had more reason to stay shrugged it off.
So I actually looked into this properly since these graduations have been popping up in several places I frequent lately and it annoyed me how little people understood investments.
First of all, Towa, another talent of the company, explained that the reason they keep using "disagreements with management" as a reason is that it's just a catch all term. They can use it if they don't feel like sharing the personal reasons they're splitting with the company, if they have actual disagreements, or just as a way to sponge up any gossip. It doesn't actually mean anything and it doesn't mean the company suddenly and spontaneously flipped the "be evil" switch on the wall by accident.
Second, a lot of people blame them "going public" but ignore why they did. It was seed investors, which means they just gave the company some money early on for some large chunk of it but not necessarily a majority. That means that most likely the investors had a term that said that after a set period they'd want a way to make their money back, which would either be the company buying them out or it going public so they could sell the shares they owned on the open marker. The boss of the company regularly tells them no in the public shareholder meetings anyway in "office speak", so it's pretty clear he or his "faction" still holds majority and he didn't use the opportunity to sell his own.
Overall it seems more like internet sensationalism to me.
I would hope so. The girls there seem like very good people, the long-since-graduated Uruha Rushia (Mikeneko) aside--she was legit psycho.
I have not had the ability to keep up with Vtubers, but I have to say that this situation, if it's true, has bought to mind some claims about Nijisanji's decline in quality as a company, which I feel could be seen as a sign of VTubers as a whole dying as a trend. I can understand it's not necessarily a situation that shows internal rot, but if it is, then there is something that shows problems.
Nijisanji managed to shoot themselves not just in the foot, but in the head several times. It was a great display of incompetence on their part and a much better example of a company run chasing shareholders than this one. I imagine Cover's problem is that some of the girls probably had cooled off and became more lukewarm on the company, some had legitimate health reasons to leave, and their management pushed a rather minor internal change that made those girls decide they wanted to bow out while the ones who had more reason to stay shrugged it off.