Short video-streaming platform Quibi shuts down 6 months after being launched: Know why
India TV NewsThe short-form video streaming service Quibi that was launched less than six months ago on Thursday announced to wind down the business and sell it's content and technology assets. Quibi founder Jeffrey Katzenberg and Meg Whitman said in an open letter: "Our failure was not for lack of trying; we've considered and exhausted every option available to us". "While the result was not what any of us wanted, we did accomplish a number of things and we are very proud of what the talented Quibi team has built with the blood, sweat, and tears that they poured into this business over these past two years". The founders said that over the coming months, they will be "working hard to find buyers for these valuable assets who can leverage them to their full potential".
History of this topic
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Quibi is shutting down after just six months
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