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Quibi

Streaming mediaUSA
💀 Dead / Bankrupt
Peak $1.75 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2018
  2. 📈
    Peak valuation
    $1.75 Billion ’20
  3. 💔
    Became a Unitard
    Dec 2020
  4. 💸
    Last valuation
    ~$0
Current status
Shut down 2020

How it happened

Quibi was a short-form mobile streaming service led by Jeffrey Katzenberg and Meg Whitman that raised about $1.75B before launch, valuing it well above $1B. Launched in April 2020, it failed to attract subscribers amid the pandemic and poor product-market fit, and shut down in December 2020 just months after debut, having burned nearly all its capital (~-100%).

Source: Burned $1.7B