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Quibi: How $1.75B Vanished in 6 Months

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About Quibi: How $1.75B Vanished in 6 Months

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Quibi raised $1.75 billion to build Hollywood-grade shows you could only watch on your phone. This video explains exactly how the mobile-only “quick bites” streamer launched in April 2020 with A‑list talent, Turnstyle’s vertical/horizontal trick, and big ad commitments—then shut down less than eight months later. We break down the launch numbers and the disputed trial-to-paid conversion, the COVID commute crash, the costly rights deals that gave creators leverage, the social-sharing lockout, the late TV app pivot, the Turnstyle lawsuit, and the final Roku catalog sale reportedly under $100 million. Boomtobust tells modern business as story—founders, fortunes, and flameouts—so you can see how ambition meets reality without the jargon. 📧 Subscribe to Boomtobust for more. #business #startups #streaming #tech

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