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Quibi Is Shutting Itself Down

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A Quibi advertisement in New York. The streaming service has been plagued with problems since... — A Quibi advertisement in New York. The streaming service has been plagued with problems since it launched in April.

Photo: Richard B. Levine/Zuma Press

Updated Oct. 21, 2020 3:23 pm ET

Quibi Holdings LLC is is shutting itself down, according to people familiar with the matter, a crash landing for a once-highflying entertainment startup that raised $1.75 billion in capital.

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This post first appeared on wsj.com

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Quibi Is Shutting Itself Down

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Quibi Is Shutting Itself Down

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A Quibi advertisement in New York. The streaming service has been plagued with problems since it launched in April.

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