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Quibi is calling it quits

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Former eBay Inc. and Hewlett Packard Enterprise Co. CEO Meg Whitman led Quibi, which officially debuted at the 2020 Consumer Electronics Show in Las Vegas.


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Quibi Inc. is quitting.

Late Wednesday, founder Jeffrey Katzenberg and Chief Executive Meg Whitman decided to shut down the short-form video-streaming company in an effort to return as much capital to investors as possible after discussing the company’s options with investors, the company announced.

“The world has changed dramatically since Quibi launched and our standalone business model is no…



Source marketwatch.com

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