Quibi shutting down after six months-
I am not surprised not much actually. But they did shut down more quickly then expected.
When I heard that the service was only mobile only was like…WHAT? I thought portability was a desirable thing-
When they said it was going to be 15 minutes long I was like…wow- artificial constraints…not good-
Then I heard they pumped a lot of money into create content.
As you have seen Amazon and Netflix, lot more money does not always mean lot more good content-
So I did expect their demise but not this fast-
What is interesting is that there were two veteran CEOs, Whitman and Katzenberg, who I respect.
But they failed miserably- May be they should create a series on how they failed…
Anyway, sad to see investor money just disappear but that is the game of investing- You make bad investments, you will figure out pretty soon.
I am not even sure how much of the content Quibi can salvage. The reviews that I have seen was not that good…
Sad to see two great former CEOs fail but the mass have spoken and they don’t like Quibi-
Thank You Jesus for all Your love and mercy. Let us always be awake and discerning Amen!
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