Daily Crunch: Quibi is shutting down

Daily Crunch: Quibi is shutting down

No comments

The end is in sight for Quibi, PayPal adds cryptocurrency support and Netflix tests a new promotional strategy. This is your Daily Crunch for October 21, 2020. The big story: Quibi might be shutting down The much-hyped streaming video app led by Jeffrey Katzenberg and Meg Whitman, which raised nearly $2 billion in funding, is shutting down , according to reports in The Information and The Wall Street Journal . Katzenberg, a longtime Hollywood executive, had blamed the coronavirus pandemic for a lackluster launch in May — an app designed for on-the-go viewing didn’t have much appeal when people […]

Daily Crunch: Quibi is shutting down

Any thought?

This site uses Akismet to reduce spam. Learn how your comment data is processed.