Thanks, @meno. I've been tired and busy these last few days, and was flabbergasted to just discover that dLive has left the Steem eco-system, but in no time at all, your article has caught me up on everything I need to know.
Which is that, on the face of it, these guys appear to have misled, and possibly defrauded, @ned into transferring that valuable delegation to them.
One can infer that their goal all along in accepting @ned's delegation was not to build the Steem eco-system, but to steal Steemians away from it.
If they committed fraud, that would be a criminal act, and certainly one @ned could sue them for. I say "if," because only they and @ned know the terms of their dealings. Either way, their actions do them no credit, and dLive has apparently built it's future on the sandiest and shadiest of foundations. :(
Thanks for the info, @meno.