When a company gets big, mid to high level management cannot just leave shit alone. They need to justify their positions by making changes that usually make things worse rather than better.I'm pretty sure Yagoo still owns the majority of Cover, and regularly shoots down retarded suggestions during investor meetings. They obviously have problems, but the "going public ruined everything" narrative is misguided.
They are legally required to work in the best interests of the shareholders. How this is implemented or interpreted is up for debate.It's an inherent flaw of public companies. their need to constantly be growing feeds endless greed and speculation via the shareholders which creates dilemmas where you lack sufficient data to make good choices as either the shareholder or agent of the company. public companies should be banned
Administrators don't care. Best case they will take an offer to buy it out, worst case they will just wind it up because it isn't worth their time.As a past creditor of 2 bankrupted companies, I can assure you that nobody needs a used vtuber model