RIP Quibi: Streaming service shuts down after less than a year

Quibi is shutting down after 7 months of operation. The $2 billion streaming service that presumed someone, somewhere, wanted to watch short shows in portrait mode is flaming out. It’s official: Jeffrey Katzenberg is calling investors to tell them he’s shutting the company down, sources tell @JBFlint and I:https://t.co/SIBb6h1OkQ https://t.co/aauafdxo3a — Ben Mullin (@BenMullin) October 21, 2020 The news was originally reported by the Wall Street Journal and was later confirmed in a company blog post. To refresh your memory if you never bothered to try the app, Quibi is — was — a service that allowed you to watch… This story continues at The Next Web

RIP Quibi: Streaming service shuts down after less than a year

Quibi is shutting down after 7 months of operation. The $2 billion streaming service that presumed someone, somewhere, wanted to watch short shows in portrait mode is flaming out. It’s official: Jeffrey Katzenberg is calling investors to tell them he’s shutting the company down, sources tell @JBFlint and I:https://t.co/SIBb6h1OkQ https://t.co/aauafdxo3a — Ben Mullin (@BenMullin) October 21, 2020 The news was originally reported by the Wall Street Journal and was later confirmed in a company blog post. To refresh your memory if you never bothered to try the app, Quibi is — was — a service that allowed you to watch…

This story continues at The Next Web