11 Reasons Why the 1.8 Billion Dollar Video App 'Quibi' Failed So Hard
nootens Published 05/13/2020
If you ever saw advertisements earlier this year for something called 'Quibi' and thought, "That sounds stupid," well, you were right.
Quibi, a streaming platform specializing in 5-10 minute long TV shows and video content, tried to become the next big disruptor in the entertainment industry. Instead, they became one of the biggest failures.
After raising $1.8 billion in funding, the app has almost no users and only terrible shows. The company is burning through money, but rather than try to fix the crappy product, founder Jeffrey Katzenberg simply blames "everything that has gone wrong to coronavirus.”
To get a better understanding of why Quibi was always going to turn out to be a huge sinking turd, check out the synopsis of these 11 real Quibi shows and see if you can't see where they made a mistake.
Quibi, a streaming platform specializing in 5-10 minute long TV shows and video content, tried to become the next big disruptor in the entertainment industry. Instead, they became one of the biggest failures.
After raising $1.8 billion in funding, the app has almost no users and only terrible shows. The company is burning through money, but rather than try to fix the crappy product, founder Jeffrey Katzenberg simply blames "everything that has gone wrong to coronavirus.”
To get a better understanding of why Quibi was always going to turn out to be a huge sinking turd, check out the synopsis of these 11 real Quibi shows and see if you can't see where they made a mistake.
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