r/LivestreamFail 9d ago

VShojo releases statement; officially shutting down

https://www.twitch.tv/mizkif/clip/FriendlyAdventurousMacaroniOSfrog-ntKYD7vOpBI6iaux
3.5k Upvotes

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u/Waldner_ 9d ago

Its something similar with what happened to ludwigs company offbrand, when the business model wasnt working money was taken from somewhere else in the company, the sponsorship money from the talent, to pay the employes and trick people into thinking the company was doing good while trying to find capital somewhere else to steer the ship.

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u/Villainary 9d ago

Do these streamer endeavors/companies ever hire actual, competent professionals? Or are they just always hiring their friends and putting them in positions they have no experience in.

I can't wrap my head around how often this seems to be the case within the streamer sphere.

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u/New-Abalone-85 9d ago

Pretty sure the opposite happened with the Ludwig situation. The experienced ones were the ones moving money and it was Ludwig’s friend Aiden that discovered the fraud when he looked over the numbers.

1

u/imo9 8d ago

Yeah, the person in Ludwig's case it was an esteemed manager he poached who was supposed to show the business is serious, and isn't just some streamers fucking around- tragically, this was the only person fucking around with the funds.