Chapter 917 - 936: Federation Livestream Infighting: The Helmsman Should Be Young
Chapter 917: Chapter 936: Federation Livestream Infighting: The Helmsman Should Be Young
Inside the Federation Live Broadcast Company, the management team all wore extremely grim expressions.
This was the first time such a severe conflict had erupted among the management since the company’s inception. Everyone was insinuating that Qian Duoduo was completely blind. He had driven away a true business prodigy like Qian Xingxing and brought in Qian Song, an illegitimate son dredged up from some random backwater.
That was when the Federation Live Broadcast Company’s money-bleeding journey began. Whether it was hosting live-streamed competitions, promoting food influencer IPs, managing ghostwriters to manufacture an image, or establishing factories to stay competitive—every single project had been handled abysmally.
Previously, to punish Qian Song, Qian Duoduo had transferred him out of the management team to serve as an editor-in-chief at a subsidiary company. The shareholders thought this was an acceptable solution, one that saved face for both sides. But now, they all felt the punishment had been a mere slap on the wrist.
"According to the Star Network’s combined search index and our company’s active user data, our market share has been declining year after year," the company’s second-largest shareholder said, pointing sharply at the data. "Things might still look rosy on the surface, but in reality..."
He chuckled dryly. "We’re an established app. Our registered user count is higher than the competition’s only because our user base contains a massive number of elderly people." These users were in their twilight years; even if they tuned into live streams, they were absolutely not the primary demographic driving consumer spending.
"Historically, our largest demographic was people between forty and seventy, followed by students," the second shareholder continued. "But now, all the young people have jumped ship.
"Where did they go?" On the projection screen, New Star’s metrics were skyrocketing. "Look at this app. It’s newly developed, only a year old, yet its registered users have already surpassed 77 billion. They are just a hair away from standing shoulder-to-shoulder with us.
"The critical issues here are their active user volume and user stickiness. Furthermore, the factories and the Taobao Food app derived from this company are industry leaders. I dare say...
"If it weren’t for our company investing in other industries in our early years, allowing those profits to offset our current losses, our earnings on the live-streaming app would absolutely fail to surpass theirs."
The young second shareholder had inherited his father’s mantle to join Federation Live Broadcast. He had once believed he would be part of a wondrous live-streaming company, but reality was far too cruel.
"Why is all this happening?" he demanded. "First, because New Star is sniping us. They have to interfere in every single one of our new projects."
If they couldn’t outcompete their rival and were constantly being sabotaged by them, wouldn’t they naturally bleed money?
"Second," he went on, "because the company frequently spends on non-essential items, and certain people’s inappropriate remarks are causing our corporate image to deteriorate by the day!"
He pointed the finger squarely at Qian Duoduo.
The other shareholders felt the second shareholder’s points were entirely reasonable, and they all turned their eyes to Qian Duoduo.
Qian Duoduo’s expression was incredibly grim.
The second shareholder was young and full of dashing vigor. Seeing that everyone was on his side, his morale soared even higher. "Mr. Qian, have you ever considered that this universe now belongs to the youth? It is undeniable that you are the meritorious founder who led Federation Live Broadcast to its peak, but times have changed...
"Isn’t it time you gave young people more opportunities?" he challenged. "I have a brilliant idea here..."
Before he could finish, Qian Duoduo abruptly cut him off.
"What are you implying? Are you trying to seize control of Federation Live Broadcast?"
"Not seize control, it’s about the capable—"
"I’m sorry, but I don’t see your capability," Qian Duoduo sneered with a dry laugh. "All I see is the arrogant ignorance of youth.
"If the point of this meeting is just to discuss this, then it’s a waste of time. Nobody knows better than I do where this ship—Federation Live Broadcast—is sailing, and at what speed."