3 ms·
Quibi failed because they over capitalized it and then pulled out when it didn't have the xxM DAUs. They basically launched and had an amazing journey in the sa
by nerpderp82 3y ago
Quibi failed because they over capitalized it and then pulled out when it didn't have the xxM DAUs. They basically launched and had an amazing journey in the same month.
- Miraste 3y agoTo be fair to the backers (such winning personalities as Jeffrey Katzenberg and Meg Whitman, ugh), it wasn't a case of 1M DAUs when they wanted 5M. It was more like 5k DAUs when they wanted 5M. The idea was dead on arrival, no amount of money and effort would've saved it.