Business Insider / Yahoo News: The rise and fall of Quibi, from raising $1.75 billion before launch to shutting down just 6 months later

Business Insider / Yahoo News: The rise and fall of Quibi, from raising $1.75 billion before launch to shutting down just 6 months later. “Quibi started out as an idea for short videos on mobile devices from former eBay CEO Meg Whitman and DreamWorks cofounder Jeffrey Katzenberg. Long before launching, the streaming company had big Hollywood names attached and raised $1.75 billion. It debuted in April during the pandemic, which Katzenberg blamed in part for the failure. The platform had major investors, famous Silicon Valley and Hollywood names, and star power. Here’s how it went from buzzy to defunct.”

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