eric

@eric · a year ago

Quibi Is Shutting Down Barely Six Months After Going Live https://www.wsj.com/articles/quibi-weighs-shutting-down-as-problems-mount-11603301946

from headline at https://www.wsj.com/articles/quibi-weighs-shutting-down-as-problems-mount-11603301946.

wsj.com

author

Benjamin Mullin, Joe Flint, Maureen Farrell

summary

Founder Jeffrey Katzenberg and Chief Executive Meg Whitman decided to shut down the company in an effort to return as much capital to investors as possible instead of trying to prolong the life of the company and risk losing more money.