How Quibi fell apart in 199 days - Business Insider

How Quibi fell apart in 199 days

10/26/2020 4:31:00 AM

How Quibi fell apart in 199 days

Business Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.

Today's news:How Quibi fell apart, inside The Richard Group's troubles, and the execs leading the e-commerce advertising industry.Taylor Jewell/Invision/AP; Richard Drew/AP; Shayanne Gal/Business InsiderMobile content app Quibi, backed by $1.75 billion and some of Hollywood's top names, launched in April and died in October. 

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Jeffrey Katzenberg and Meg Whitman led the company, which missed warning signs and took costly missteps in the leadup to and after its debut. Rob Price, Meghan Morris, and Becky Peterson tracked the buildup to and aftermath of Quibi's ill-fated launch. 

Read the entire story here.The Richards GroupPatrick Coffee and Tanya Dua report that independent ad agency The Richards Group is facing steep revenue and staff losses after founder Stan Richards made racist comments that led several clients to fire the firm.

Insiders said there have been other racially tinged incidents at the agency, including a late 2019 one where staff parodied Asian cuisine. Some connected those episodes to the agency's rigid, traditional culture that included strict check-in times, no paid parental leave until mid-2019, and all-male retreats with the founder. 

Stan Richards defended his approach to running the agency and blamed his exit on company leaks and the media.Read the full story here.Noam Galai/Getty ImagesE-commerce is skyrocketing during the pandemic while traditional ad budgets shrink. Meet the 8 insiders at places like Walmart, Amazon, and CVS tasked with turning retail into big ad businesses

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Meg Whitman has destroyed everything she touches. Don't waste your time. It's a premium article. Oh noooooo it did?! Lol

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Inside Quibi's $1.75 billion rise and six-month fall - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Forget about Quibi. My website doesn’t spy on you and everything is free to watch. www. Meg Whitman ruined HP, she ruined Aquino, and she didn’t do much at PayPal.

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Inside Quibi's $1.75 billion rise and six-month fall - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Forget about Quibi. My website doesn’t spy on you and everything is free to watch. www. Meg Whitman ruined HP, she ruined Aquino, and she didn’t do much at PayPal.

Goodbye, Quibi: Short-Form Content Platform Is Shutting DownSix months after its launch, the streaming app and frequent punching bag is taking its last bow. How did things go so wrong so quickly?