On May 22, in the notice sent to the State Securities Commission and Ho Chi Minh City Stock Exchange (HoSE), YEG Group - 6.94% said that it had received official information from.

"According to YouTube’s announcement sent on 1 March 2019, the Yeah1 Network’s content storage agreement with YouTube is no longer in effect. Therefore, we will begin to proceed" releasing "(goodbye. We are "liberating") the channels that are cooperating with Yeah1 and its subsidiaries from May 22, 2019, "Yeah1 wrote in the notice.

Thus, MCN used to be the largest in Vietnam and could no longer operate multiple channels. However, more than 1,500 YouTube channels managed by Yeah1 have been transferred to other networks many days before. Among them, names like Freedom and Metub are selected by channel owners.

In the announcement Yeah1 also said they will work with YouTube and partners to facilitate the transition process and other business strategies are maintained and developed.

On March 3, Yeah1 Joint Stock Company sent a notice that YouTube will stop the content storage agreement with this unit after March 31.

According to Yeah1 Corporation (YGC), the incident began when YouTube claimed that SpringMe, a Thai-based company that YGC had 16.5% of its operating shares, was selected against YouTube’s regulations.

This caused the Yeah1 Network to be heavily affected.

After the above information was published, the YouTube community of Vietnamese people did not get surprised. They argue that this is the result of a "out-of-stream" service. It is a service that "turns on making money" for newly established YouTube channels, wants to go up quickly with poor quality or sensational content.

On April 2, Yeah1 was renewed by YouTube for another 2 weeks. By April 16, the term of a cease-fire ruling took effect, Yeah1 continued to operate multi-channel.

After the above information, YEG shares immediately fell 6.9% to 100,500 dong / share as soon as the morning session on May 23 has just ended.