news 1 month ago

Quibi Is Shutting Down Just 6 Months After Launch

Wibbitz - Technology
Quibi Is Shutting Down Just 6 Months After Launch. According to 'The Wall Street Journal,' the streaming service is to be one of the shortest-lived to date. The company launched on April 6, 2020, providing content to be specifically viewed on mobile devices. Two plans — one with ads and one without — were available for under $10 per month. . In July, app-tracking firm Sensor Tower claimed Quibi lost over 90% of its subscribers after the three-month free trial was up. . According to The Verge, Quibi has refuted those numbers but never provided alternate figures for reference. Factors that may have contributed to the company's demise include its mobile-only content as people are stuck at home amid the pandemic. or that short-form video content can be found for free with competitors such as YouTube and TikTok. Co-founder Jeffrey Katzenberg attempted to sell off the floundering company earlier this year, but no one took the bait