Quibi
Streaming mediaUSA
New to Unitard
💀 Dead / Bankrupt
Peak $1.75 BillionToday
~-100%
from peak
- 🦄Became a unicorn2018
- 📈Peak valuation$1.75 Billion ’20
- 💔Became a UnitardDec 2020
- 💸Last valuationWiped out
🔥 Raised & burned
$1.75B
Total raised
$2.02M/day
Burned · 2.4y alive
Funding: Crunchbase/Wikipedia
Current status
Shut down 2020
The rise & fall
6 moments · 2018–2021The key moments.
Aug 2018
Aug 2018
Founded with $1B already raised
Jeffrey Katzenberg and Meg Whitman sell Hollywood on “quick bites” of mobile TV before a product exists.
Variety
Apr 2020
Apr 2020
Launches into lockdown$1.75B
A mobile-only, on-the-go streaming service arrives two weeks into a stay-at-home pandemic.
Variety
Jul 2020
Jul 2020
The free trials don't convert
Analytics firms peg paying conversion under 10%; downloads crater after launch week.
CNBC
Oct 2020
Oct 2020
Shuts down six months after launch
Katzenberg and Whitman announce the wind-down with most of the $1.75B burned.
WSJ
Jan 2021
Jan 2021
Roku buys the library
The shows resurface as “Roku Originals” for a reported ~$100M.
CNBC
$1.75Bof peak value erased · 2 years
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
Where they went
- Meg WhitmanCEONot on record
- Jeffrey Katzenbergfounder & chairman (co-founded DreamWorks; recruited Whitman to run it)Co-Founder & Managing Partner at WndrCo
Current roles as reported by the linked sources, retrieved 2026-08-19. See our methodology.
