>>46104444Overpriced, just like Niji and over 90% of IPOs in general. Both stocks are going to bleed for a while as IPO hype dies off and the recession eats away at advertising revenue and merch sales. Early buyers stand to lose bigly, just like they did with Niji. The other clear loser in all this is fans, since investors are rabidly obsessed with short term profits and don't give a shit about the product or the customers (ie us). Cover will be pressured to reenter the chink market and scrap projects with lower or uncertain profits like Holo Earth. It will also increase pressure to chase ESG money and promote trans/pedo propaganda. Market cap is about $700M USD, so it would be nearly impossible for fans to form a meaningful voting bloc by purchasing shares, although I'm maintaining the <1,000 price prediction on Niji and also predicting it on Cover so we'll see how low it decides to go. If enough whales are smart and wait for the price to bottom out then maybe we could snag a few percentage points (single digits) over the next 5 years or so, but venture/vulture capitalists can absolutely destroy a brand in far less time than that. I'm rooting for a red waterfall that triggers the VCs' stop losses and scares them all away, but since Cover is already a profitable startup that seems unlikely.
The same type of jews that ran companies like Blizzard into the ground with their money grubbing and LGBT/tranny obsessions have now sunk their teeth into both of the major vtubing companies. Yagoo screwed up issuing that last round of VC shares, this is the worst possible outcome for the fans and the company.
