Flop: Quibi streaming service is shutting down

Quibi is shutting down is what’s described as “a crash landing for a once-highflying entertainment startup that raised $1.75 billion in capital,” by The Wall Street Journal which cites those ever-present “people familiar with the matter.”
Benjamin Mullin and Joe Flint for The Wall Street Journal:Quibi logoThe streaming service has been plagued with problems since it launched in April, facing lower-than-expected viewership, disappointing download numbers and a lawsui