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October 23, 2020

Quibi shuts down after 6 months

By TALI ARBEL
AP Technology Writer

Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers.

The company said Wednesday that it would wind down its operations and plans to sell its assets. “Quibi is not succeeding,” its top executives bluntly declared in a letter posted online.


 
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