Quibi Is Shutting Down: WSJ

BILLION-DOLLAR FAILURE

Blake Montgomery

Reporter/Editor

Published Oct. 21, 2020 4:03PM ET

Robyn Beck/Getty

Quibi is shutting down. Executives called investors to inform them of the closure Wednesday, The Wall Street Journal reports. The short-form video app, backed by $1.75 billion in investment and some of the biggest executives in entertainment and tech, never took off. It faced low download and viewership numbers for its mobile-only original content as soon as it launched. Quibi founder Jeffrey Katzenberg, the former CEO of Disney and a co-founder of DreamWorks Animation, had attempted to sell the company to no avail in recent weeks.

Read it at The Wall Street Journal

Trump Now Claims D.A. Has ‘Dropped’ Looming Indictment

There have been zero news reports to substantiate Trump’s claim.

Harry Styles Caught Making Out With Emily Ratajkowski

Video shows the singer and the model making out like teenagers on a Tokyo street.

Ghouls Hack Ray Liotta’s Facebook Account

His team regained control—or so they thought.

Look Up in the Sky on Tuesday Night to See 5 Planets

It’s a phenomenon that only happens every few years.

Bebe Rexha Says Crazed Fan Sent Her ‘Used Toilet Paper’

Some of Rexha’s followers pointed out that mailing biological waste is a crime and urged the pop star to report the incident to authorities.

Cuban Migrants Cruise Into Key West on Motorized Hang Glider

The two men made a smooth landing and sustained no serious injuries on their journey, authorities said.

Putin Will Place Nukes on Europe’s Doorstep in Belarus

Putin claimed that this move would not violate nuclear non-proliferation agreements, asserting the U.S. had placed nuclear weapons within the borders of its European allies.

News Anchor Off the Air After Racially Offensive Comments

Barbie Bassett, who is white, was scrubbed from the WLBT website after she quoted Snoop Dogg on a broadcast.

Quibi Is Shutting Down: WSJ

Blake Montgomery

Robyn Beck/Getty