Streaming service Quibi is exploring several strategic options including a possible sale, according to people familiar with the situation, as the company founded by Hollywood mogul Jeffrey Katzenberg struggles to sign up subscribers in a competitive online-video marketplace.
Quibi, which launched its short-form, mobile-focused video service in April, is also considering raising more money or going public through a merger with a special purpose acquisition company, or SPAC—essentially a blank-check company that helps fund deals,...
The funny thing is Quibi announced they were for sale a couple of months ago but, noone saw it
Struggling because it sucked.
Lmao good
You guys rickyftw EliotETC InternetTodayTV
Lol
Who?
What is a quibi?
Quibi: ah but for Covid, our short form model would have worked TikTok: (streams infinite feed of 1min videos of teens dancing to 600M chinese, 100M americans) wut
'One dollar, Bob.'
RIP Quibi: 2020-2020
Zuckerberg slides old, rusted penny across the table. 'Best and final offer.' he says.
Here's an idea, make Katzenberg cover every penny of the loss from his absolutely idiotic idea.
Facebook will eventually acquire Quibi
Once Quibi blocked people from mirroring content to their TVs I knew they were finished. “Here, watch this movie. But only by yourself. Only on your little phone screen. And also you have to pay every month. Thanks.”
I've very rarely heard of it, but I may check it out now and see what it's like.
Lololololol
thank you quibi for having the guts to say the quiet part out loud: SPACs are a cheap money scam for well-connected and financial engineered companies that would otherwise be marked to pennies by a transparent market
Gee, who could have seen THIS coming?
It was a terrible idea with mediocre content for an imagined user base. I've been saying this since I first heard about the concept years ago. If it was a terrible idea then it's worse now.
Quibi who? Not one person I know watches it. It was a misfire from the beginning. When I first heard of it i knew it would go no where.
Who would want to buy this thing? From all indications their model has been downright wrong on what consumers want in terms of content despite paying up for a lot of big names.
Shocked!
Behold, he cometh with clouds; and every eye shall see him, and they also which pierced him: and all kindreds of the earth shall wail because of him. Even so, Amen. Revelation 1:7 (KJV) 🙏
Does the song on my profile have potential to blow up?
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Source: WSJ - 🏆 98. / 63 Read more »