Figuring Out • 1y
Awesome Ideas That Didn't Work Out?! So, imagine you are traveling to your office and have nothing to do! Quibi could have helped here. Announced in 2018, Quibi was an American video streaming platform similar to Netflix. What's interesting is that all the content was less than 10 minutes long, and it was also a mobile-focused app. Its announcement made everyone excited about it, and it also raised total of $1.75 BILLION. In 2019, its official launch date was announced. By the year's end, it also sold out its first-year advertising inventory, amounting to $150 million. It was finally launched in April 2020, just before the COVID LOCKDOWN! And Since all entertainment platforms' usage skyrocketed during covid, investors put an additional $750 million into it. But the subscription were less due to higher subscription cost, people's preference to watch longer content and also because of unemployment. Thus, QuiBi was finally closed just six months after its real launch!
Trivias Around start... • 1y
Quibi's Rise and Fall: A Cautionary Tale of Startup Ambition In the fast-paced world of tech startups, few stories are as emblematic of ambition and subsequent disappointment as that of Quibi. Founded in 2018 by industry veterans Jeffrey Katzenberg
See MorePassionate about Pos... • 5m
Figure just announced ending its collaboration with OpenAI while also touting a major breakthrough. I think its probably because openai is also moving into robotics and Figure doesn't want its proprietary robotics breakthroughs integrated into OpenA
See MoreI'm just a normal gu... • 2m
Just a little over three months after introducing its 15-minute food delivery option, foodtech giant Zomato is discontinuing its ‘Quick’ service. In a letter to shareholders, Zomato’s parent company, Eternal, also announced plans to wind down its me
See MoreFounder-Hexpertify.c... • 1y
"Netflix lost almost a Million Subscribers" Bankruptcy to Billions #7 Netflix turnaround from significant crisis In 2011 Netflix announced a change in its pricing and subscription plans. Initially customers could subscribe both DVD rentals and str
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