Quibi to shut down around Dec. 1, fate of content unknown

Quibi expects to completely shut down its serve "on or about" Dec. 1 and doesn't know what will become of its short-form video content, the company told customers on Thursday.

Credit: Quibi
Just hours after The Wall Street Journal reported that the struggling short-form video service would shut down, Quibi founder Jeffrey Katzenberg and CEO Meg Whitman announced in an open letter on Thursday that it would officially be shutting down.

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