From what I’ve seen this is usually what happens when the parent company wants to close the service down. First they spin off the service into its own company then the company shuts down because of a lack of income. Is that what’s happening here? What’s the name of this process?
From what I’ve seen this is usually what happens when the parent company wants to close the service down. Not always. Fastmail was bought (back) from Opera by employees and they are doing fine.
That and Opera was turning more into an advertising company, which wasn't a close fit with our existing user base. It's great to be in a position where we don't have split loyalties and "shadow customers" - leaving us able to focus on what's best for the people paying us for the service we provide.