Biden Fundraiser Jeffrey Katzenberg’s Streaming Platform Quibi Shuts Down After Six Months and $2 Billion Raised
Quibi, the youth-oriented, short-form streaming entertainment platform headed by Jeffrey Katzenberg and Meg Whitman, has announced that it is calling it quits just six months after the service launched to great fanfare in April. The decision to pull the plug represents a major blow for Katzenberg and Whitman, who courted tech investors and raised an estimated $2 billion for the venture.
