Quibi Shuts Down A Post Mortem Of The Failed Mobile Streaming Service
Rumors of the site’s demise have run rampant since the summer, and The Wrap reported that founder Jeffrey Katzenberg and co-founder Meg Whitman scheduled a call with both senior management and investors Wednesday night. The news of closure comes after the Wall Street Journal reported that Quibi was “exploring several strategic options, including a possible sale.” At the time, the company was also considering raising more money or going public through a merger with a blank-check company to held fund the deal, according to the publication....