The company cited “lack of funding and burnout” as reasons for the shutdown, currently planned for the end of 2024. 

“As of today, none of us are being paid for our labor,” the company shared in a post on its staff account, possibly an attempt to dispel rumors that staff salaries had eaten up the funds. “All of our money in the bank, and any money coming in from people who buy our merch or don’t cancel cohost plus, is going towards servers and operations — paying the bills so we can turn the lights off with as little disruption as possible.”