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https://www.reddit.com/r/Nijisanji/comments/1awxjsk/this_is_the_reason_why_nijisanji_financial_is/
tldr:
>niji bought 2.5 billion yen worth of stock
>pre buyback price was around 3150 to 3300. Peak in early January 2024 (after buyback finished) was 3800
>Selen controversy caused it to crater under pre buyback price (3040 as of now), worst since June of 2023.
>Niji blew 18 million USD into nothing. Even lost more money on top of that since stock price is lower than when buyback started/finished.
> Niji's IR statement last year mentioned how NijiEN would be the "pillar of their business." Yet EN's reputation is nuked
>ID, IN, and KR are all dead due to mismanagement, actual clique behavior, and cut cutting.
>Enna's recent concert and bday live. Compared to last year, views and earnings are down almost by half, with most of the donors/viewers from Hong Kong (compared to last year, which was mostly the US).
>showing trends of EN terminal decline
>march 16th is shareholders meeting and riku has to explain to his Chinese bosses why they should totally believe him this time after another branch is on fire (4th branch in total, CN is probably going to go on fire too since CCP is cracking down).
What is the ramification of Nijisanji going down under? How would that affect Vtubing, and Vtubers in Japan?
tldr:
>niji bought 2.5 billion yen worth of stock
>pre buyback price was around 3150 to 3300. Peak in early January 2024 (after buyback finished) was 3800
>Selen controversy caused it to crater under pre buyback price (3040 as of now), worst since June of 2023.
>Niji blew 18 million USD into nothing. Even lost more money on top of that since stock price is lower than when buyback started/finished.
> Niji's IR statement last year mentioned how NijiEN would be the "pillar of their business." Yet EN's reputation is nuked
>ID, IN, and KR are all dead due to mismanagement, actual clique behavior, and cut cutting.
>Enna's recent concert and bday live. Compared to last year, views and earnings are down almost by half, with most of the donors/viewers from Hong Kong (compared to last year, which was mostly the US).
>showing trends of EN terminal decline
>march 16th is shareholders meeting and riku has to explain to his Chinese bosses why they should totally believe him this time after another branch is on fire (4th branch in total, CN is probably going to go on fire too since CCP is cracking down).
What is the ramification of Nijisanji going down under? How would that affect Vtubing, and Vtubers in Japan?
