Quibi expects to shut down "on or about Dec. 1," according to a new post on the mobile video startup's customer service page.
The message gives subscribers an update on the future of the app following the Wednesday announcement that it would be ceasing operations after failing to gain traction with users."Quibi was a big ideaand there was no one who wanted to make a success of it more than we did," chairman Jeffrey Katzenberg and CEO Meg Whitman said in an online post announcing the shutdown. "Our failure was not for lack of trying; we’ve considered and exhausted every option available to us." At the time, the company said it would send notifications to Quibi subscribers regarding how much longer they'd be able to access the service.
Read more on hollywoodreporter.com