Quibi to shut operations after six months
After raising nearly $2 billion in funding, Quibi is shutting down. Jeffrey Katzenberg and Meg Whitman’s short-form video startup started informing investors of the decision on Wednesday. The company has struggled for six months to attract subscribers, an obstacle further heightened by the pandemic. Previously, Quibi was also exploring a sale option, however, now with […]
Quibi explores strategic options
Quibi is exploring strategic options, including a sale less than six months after its launch. The short-form video startup founded by Jeffrey Katzenberg and Meg Whitman is working with advisors on several options, including raising more money and going public through a merger with a special purpose acquisition company. Quibi launched April 1 with nearly […]
Quibi announces layoff reports as inaccurate
Quibi has told staff that reports of layoffs are inaccurate. The mobile-focused streaming startup further told employees that senior executives have also agreed to take a 10 percent pay cut “because it’s the right thing to do.” Founder Jeffrey Katzenberg and CEO Meg Whitman shared an internal memo with staff regarding the announcement: Good morning– […]
Quibi founder Katzenberg: “I attribute everything that has gone wrong to coronavirus”
Busy mornings and evenings starting Quibi, now, founder Jeffrey Katzenberg spends his days with what he calls “Zoom-a-roo” videoconferences as he tries to keep the newly launched platform afloat during the COVID-19 crisis. Downloads have dropped despite a line-up of popular producers. Quibi, which offers entertainment and news programs in five- to 10-minute chunks was […]
Tech journalist Segall to join new Quibi project
Technology journalist and editor Laurie Segall has been named a correspondent for Quibi’s new project “60 in 6.” Segall is the latest journalist to join the new venture, which has also attracted staffers from Univision News and the Washington Post. “Laurie’s work covering technology, and our connections to it, caught my eye years ago,’ says […]
