WSJ News Exclusive | Quibi Explores Strategic Options Including Possible Sale

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Streaming service Quibi is exploring a possible sale and other options, people familiar with the matter said, as it struggles to sign up subscribers

Streaming service Quibi is exploring several strategic options including a possible sale, according to people familiar with the situation, as the company founded by Hollywood mogul Jeffrey Katzenberg struggles to sign up subscribers in a competitive online-video marketplace.

Quibi, which launched its short-form, mobile-focused video service in April, is also considering raising more money or going public through a merger with a special-purpose acquisition company, or SPAC—essentially a blank-check company that helps fund deals,...

 

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Quibi's only purpose is a to be a case study in older generations' extremely annoying inability to understand modern trends, Of course a boomer thought, 'well kids like wasting time on short videos, let's invest a billion dollars,' Who the hell did they talk to before investing!

Bummer. 😂

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