Meg Whitman: Last News

Todd Spangler NY Digital Editor Jeffrey Katzenberg took a massive swing at the streaming biz with Quibi — and despite the startup’s shutdown just six months after it launched, he says he’s still proud of the effort. Katzenberg, an investor, Hollywood producer and former top studio chief, founded Quibi with former eBay and Hewlett Packard Enterprise CEO Meg Whitman. The streaming service had positioned itself as the HBO of short-form mobile video and had raised $1.75 billion before it closed its doors in late 2020 after failing to attract subscribers. Katzenberg reflected on Quibi in an interview with LinkedIn CEO Ryan Roslansky on the latest episode of the business-focused social network’s “The Path” series. “I’m humbled by the failure,” Katzenberg said. “But I’m proud that what we tried was a moonshot.”

President Joe Biden has nominated Meg Whitman, the former CEO of Quibi, Hewlett Packard and eBay, as the next U.S. ambassador to Kenya.

Quibi’s vast library of short-form content may have found a new home.

Quibi expects to shut down "on or about Dec. 1," according to a new post on the mobile video startup's customer service page.

I keep my change in one of those white sacks with a dollar sign on it, the ones burglars favor. As I was leaving for my first pitch at Quibi, I thought about taking it with me as a prop for a joke I would use to cut the tension by admitting I was only there to get my fair share.

By Dade Hayes