Why did Fire Cat TV go bankrupt?

The main reason for the bankruptcy of Fire Cat TV is the break of the capital chain. The break of capital chain refers to the company's inability to maintain normal capital flow during its operation, which leads to the inability to pay employees' wages, suppliers' money and other operating costs. This is caused by poor management, fierce market competition, investment failure or interruption of capital sources. When the capital chain breaks, companies often can't continue to operate, which eventually leads to bankruptcy.