Although some media-streaming services gained a lot in current coronavirus times, the same cannot be said for Quibi, a video streaming service that is now shutting down, several months after it launched in March.
Engadget reports that the service’s founders stated the idea behind Quibi might have not been strong enough. The video streaming service was available only on mobile devices. Quibi founders stated in an open letter that Quibi failed for either bad timing of the release of the product or a not-as-strong of an idea behind it.
