Quibi is shutting itself down, according to people familiar with the matter, a crash landing for a once highflying entertainment startup that raised $1.75 billion in capital
It’s official: Jeffrey Katzenberg is calling investors to tell them he’s shutting the company down, sources tell and I:
RIP Quibi, 2020-2020 A company committed to keeping things short, in a quite literal sense.
I'll be honest. This makes my blood boil. The capital that went into Quibi was chasing big personalities who were neither subject matter, audience or creator experts. This could have funded 1000 companies that knew how to survive and thrive
During a video call with employees Wednesday, an emotional Mr. Katzenberg suggested Quibi staffers listen to the song “Get Back Up Again,” sung by actress Anna Kendrick in the animated film “Trolls,” to buoy their spirits
Breaking: Quibi is considering shutting itself down, according to people familiar with the matter. The streaming service has been plagued with problems since launching in April.
im as dead as quibi after reading this paragraph
WSJ: Quibi Is Shutting Down
An outcome that would have been unlikely just a few years ago: Neither Sheryl Sandberg or Meg Whitman will be in the cabinet.
It's true -- and pretty advanced. Quibi has hired a restructuring firm that briefed the board on options including shutting down, reports, adding new details to the super story from last night. via
Quibi is shutting down, according to people familiar with the matter, a crash landing for a once-highflying entertainment startup that attracted some of the biggest names in Hollywood and had looked to revolutionize how people consume entertainment.
If you ever feel like you really blew it just remember you didn’t make Quibi
Striking news coming on the day stock is up 30%.
Possibly the only not-surprising news of 2020
Quibi went live and then shut down in 7-10 minutes
That happened faster than I could cancel my free trial subscription