Quibi is shutting down. There are some assets: content, technology, users, employees. Will someone buy them? Youtube? Netflix? Tiktok? Netflix? Apple? #quibi
It’s trash. It’ll all be dead and forgotten in a week.
What assets? Maybe the office furniture? Lol.
Oracle can buy it and merge it with tiktok
They already tried to sell the media assets and I believe Netflix and Apple or FB said nope. Their content was absolute shit. They’d be in same situation without COVID
The content being good or bad is irrelevant. The primary reason that it won’t find a buyer is because Quibi gave content creators extremely generous terms when it came to ownership and distribution rights. I sincerely want to commend them for doing that. It’s distressing to think that doing the right thing for the people who make your content has ultimately resulted in your company being worth much less than it could be. I wish it didn’t have to be that way.
Doing the “right thing” is what the market says. 😀
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