The parent company for Hololive has hit a bit of a rough and tumble, as Cover Corporation share prices have taken a dip over the weekend following wave after wave of bad news.
As per Google, the Cover Corporation share prices are down to 2,305 Yen per share, from 2680 Yen (-14.79%) on Friday which was just before the announcement that Japanese branch member Sakamata Chloe would be transitioning to being an affiliate of the company rather than a full-time talent.
Over the weekend, though, a second wave of bad news hit as English branch member Ceres Fauna also announced her departure from the company.
While a sharp drop for the company, it’s still a markedly higher performance overall, with the company spending a good chunk of the year under the 2000 yen line.
Cover Corporation has also not issued a statement on the sudden drop in value.
Two Talents Don’t Control The Cover Corporation Share Prices
It should be noted that there’s been no official direct correlation between the talents departures and the Cover Corporation share price decline.
That being said, the double-whammy followed by negative speculation about managerial conflicts with talents hasn’t painted the company in the best light, it would make sense for more skittish investors to start pulling out.
Given that the share prices started to decline right before Sakamata Chloe’s announcement, which came right before the weekend, it makes sense to argue that we could even see the share course correct back to its regular trajectory, with the selling of shares could be seen as a knee-jerk reaction to bad news for the publicly traded company.
Japan’s stock market also doesn’t trade during the weekend, which also contributes to the sharp-looking fall of the Cover Corporation share prices.
Still, on the fan level, this year has been a big year for bad news among the Vtuber company’s fans- multiple talents have departed the company, from talents like English branch’s Amelia Watson to the Japanese branch mainstay Minato Aqua to even fan-favorite producer A-Chan.
