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

Quibi Is Shutting Down Barely Six Months After Going Live wsj.com/articles/qui...

publisher

authors

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.