Quibi: shortform streaming service to shut down after six months

Jeffrey Katzenberg and Meg Whitman’s $1.75bn Netflix competitor is to close after failing to meet subscriber goals, reports sayJeffrey Katzenberg and Meg Whitman’s $1.75bn shortform content network Quibi is reportedly shutting down.The mobile platform, which offered quick bites, known as “Quibis”, of films and shows lasting less than 10 minutes, launched in April with almost $2bn in investment, yet failed to meet its subscriber targets, amassing a string of negative revie