Quibi, Jeffrey Katzenberg's short-form video company, will reportedly shut down after just 6 months

The company raised nearly $2 billion in funding, but failed to attract subscribers.

Quibi, the short-form entertainment service for mobile devices, will shut down operations just over six months after its launch,The company, which was founded by Hollywood producer Jeffrey Katzenberg and former HP CEO Meg Whitman, raised nearly $2 billion ahead of its launch in April. The app features short-form news and entertainment videos running 10 minutes or less in length. It attracted top Hollywood stars for its shows too, such as Chrissy Teigen and Idris Elba.

Anything with Meg Whitman was doomed from the start!

A stupid idea. Most Hollywood celebs are uneducated. Glad to see This fail as tied to socials

I don't know anyone who had interest in subscribing to that. Not shocking news.

I'll give you an old shoe for it.

So who got rich out of this whole debacle?

We had a few minutes ... we just were not entertained, informed and definitely not inspired from today’s biggest stars ⭐️!! 😂 Quibi

Casey thoughts?

That will not affect how much money their executive made before launch. economy VentureCapital PrivateEquity

This was a stupid idea, looks like the market worked

Wow, it lasted 6 months!?! Outperformed.

Short form, indeed.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mobile-video app Quibi is reportedly considering shutting down after only 6 months - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 In Just A Week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info petersadelbert Lol what a flop
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mobile-video app Quibi is reportedly considering shutting down after only 6 months - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 In Just A Week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info petersadelbert Lol what a flop
Source: BusinessInsider - 🏆 729. / 51 Read more »