Why Quibi Shut Down After Only Six Months: CNBC After Hours

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  • 게시일 2024. 04. 23.
  • CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, the CNBC.com After Hours team explains why short-form video company Quibi shut down after only six months. And we speak with Piper Sandler analyst Nicole Miller Regan on how Wingstop became one of the hottest restaurant stocks of 2020.
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댓글 • 174

  • @lenn26y
    @lenn26y 3 년 전 +199

    Shutting down in 6 months? They legit left in a Quibi 😂😂🤣🤣

    • @user-hf2dr7sh4y
      @user-hf2dr7sh4y 3 년 전 +1

      Buy went it’s low lol

    • @hjames78
      @hjames78 3 년 전

      They could make a Quibi showing the whole life of the app and it wouldn't even last 10 minutes

  • @kbsltd11
    @kbsltd11 3 년 전 +106

    Who gave people who are completely out of touch 2Billion for a tech startup? They lost before they started.

    • @pedrovarrgas
      @pedrovarrgas 3 년 전 +1

      😅😅😅

    • @blackumbrella6199
      @blackumbrella6199 3 년 전 +1

      It might be drug money. They wouldn't mind wasting half of it for another half of clean and laundered money that was transferred to some Island before they shut the company down.

    • @asadb1990
      @asadb1990 3 년 전

      im sure the startup groups with a good success rate take advantage of their reputation. and with all their success they sink ships of some of the low risk. or they make enough to please the stakeholders and have a good amount for themselves. they don't care for all the people they displace.

    • @pedrovarrgas
      @pedrovarrgas 3 년 전

      @@blackumbrella6199 good point. Never thought about that.

  • @kevinbarry71
    @kevinbarry71 3 년 전 +95

    Who are they kidding; this business model was destined to fail no matter what

    • @sakenu16
      @sakenu16 3 년 전 +10

      Yeah to blame this on Covid is absurd. This platform would not have survive in any time.

    • @srm6631
      @srm6631 3 년 전 +7

      I don't understand vertical video. Our eyes are oriented horizontally, so your eyes naturally focus on the middle 3rd of the vertical screen, leading to an overall smaller viewing area

    • @brucebradburyIII
      @brucebradburyIII 3 년 전

      And it’s kind of an Outlandish concept. For short videos, we’d just go to KRplus haha. I just made a Video about Quibi and talking about them shutting down. krplus.net/bidio/j9Z5ZJd3fYbVpqg

    • @edum.6353
      @edum.6353 3 년 전 +3

      blaming corona made me laugh hard coz it just doens't make sense, streaming exploded as people stayed home.

    • @keijijohnson9754
      @keijijohnson9754 3 년 전

      It would’ve stood a chance in its own right. You wouldn’t know!

  • @sludgejam5085
    @sludgejam5085 3 년 전 +108

    Who wants Hollywood produced KRpluslite content? It's like none of these media elites get why KRplus's open platform for unique content is so popular which is why Quibi failed so horribly.

    • @dhwang101
      @dhwang101 3 년 전

      LoL 🤣 if Quibi took off and CNBC upload to it exclusively ... Guess what half of us will sign up to watch.

    • @Watch-0w1
      @Watch-0w1 3 년 전

      @@dhwang101 depend what they got to show. Not alot signing up to apple tv which I hear they MTV- like

    • @ericp1139
      @ericp1139 3 년 전 +1

      Or, you know, maybe it’s the $4.99 sub?

    • @Watch-0w1
      @Watch-0w1 3 년 전

      I got it free for tmobile. Isn't bad streaming really but nothing that stand out. The postrait streaming is unique , what they do is cut out the background and focus on who talking ?

    • @keijijohnson9754
      @keijijohnson9754 3 년 전

      People may not have thought about wanting it, but people like myself actually DID LIKE what they did with a lot of the content on Quibi.

  • @Vostro123
    @Vostro123 3 년 전 +41

    Not the fail of Quibi but the amount of money invested in such a shady idea shocks me.

    • @keithjackson2035
      @keithjackson2035 3 년 전 +1

      Yoooooooo I thought I was the only one who thought this!

    • @brucebradburyIII
      @brucebradburyIII 3 년 전 +1

      It seems like SO MUCH money right? And I just made a Video about Quibi and talking about them shutting down. krplus.net/bidio/j9Z5ZJd3fYbVpqg

    • @Vostro123
      @Vostro123 3 년 전

      @@brucebradburyIII I agree that “mobile only” made things even worth for them.

    • @jojieriveral5035
      @jojieriveral5035 3 년 전

      @@Vostro123 snapchat too

  • @hyojinkyoma9620
    @hyojinkyoma9620 3 년 전 +135

    Who are these boomers trying to run a billion dollar video streaming company? That’s your first mistake.

    • @nakosimpson7459
      @nakosimpson7459 3 년 전 +8

      The netflix founders are boomeeeer

    • @nakosimpson7459
      @nakosimpson7459 3 년 전 +3

      Too

    • @nakosimpson7459
      @nakosimpson7459 3 년 전 +3

      @@PritamDas_26 he is a Boomer since he born

    • @pedrovarrgas
      @pedrovarrgas 3 년 전 +6

      @@nakosimpson7459 please don’t compare Hastings to these clowns. Hastings had a software win before Netflix.
      And Hastings saw how technology was evolving which gave him a lead from blockbuster, Walmart etc

    • @campkira
      @campkira 3 년 전 +2

      @@nakosimpson7459 netflix go market growth slowly enough for them to get bigger... it take time and money to expand your server..

  • @ericp1139
    @ericp1139 3 년 전 +5

    $4.99? The average person is bombarded with enough streaming subscriptions; who would pay for yet another one that seemingly offers less?

  • @TheQuickyouknow
    @TheQuickyouknow 3 년 전 +14

    No one trying to Netflix and chill with a 10 minute video on our phones, even if you guys have Jack Bauer.

  • @jergagne9
    @jergagne9 3 년 전 +12

    The first ad I saw from Quibi I knew this business would fail.

  • @dobbie563
    @dobbie563 3 년 전 +11

    When 70 year old CEOs try to understand the market for youth... It's destined to fail

  • @kendrickf-d6695
    @kendrickf-d6695 3 년 전 +22

    🤦🏿‍♂️Smh poor marketing. You didn't try hard enough. How about free service and charge for ads. Like really how do you expect to get consumer's with a paid service when literaly no one has ever heard of you and there is free alternatives. I really liked that app btw. Its sad to see them go like that.

    • @keijijohnson9754
      @keijijohnson9754 3 년 전

      I liked the app too, and I was amongst their intended demographic! I’ve known of them the longest and stood by them more than anyone would’ve! Had they had tweaked their focus a bit, it would’ve stuck around for a while longer...

    • @ethanbroyles522
      @ethanbroyles522 3 년 전

      They offered a 3 month FREE TRIAL and around 80% of people didn't renew when the free trial was up.... the marketing and money were there but if the product doesn't fit the market it doesn't matter lol

  • @drakesanders5271
    @drakesanders5271 3 년 전 +8

    Pay money to watch 10 min shorts sounds like a scam. Most shows are 30 minutes to a full hour

  • @Lawrenceklutz
    @Lawrenceklutz 3 년 전 +29

    Good to see Meg Whitman continues to fail upward.

  • @EvarDion
    @EvarDion 3 년 전 +12

    Trying to charge $4.99 a month for content that other providers are offering for free.. that is why they failed.

  • @Rich.3938
    @Rich.3938 3 년 전 +7

    Thank god, no more annoying quibi adds

  • @mosmotivation1223
    @mosmotivation1223 3 년 전 +11

    I had Quibi for a lil bit, then got rid of it b/c the shows sucked.

  • @koharumi1
    @koharumi1 3 년 전 +8

    The ads were so annoying
    No variety

  • @keijijohnson9754
    @keijijohnson9754 3 년 전 +1

    It’s such a real dang shame that this had to shut down so dang soon. As someone that was around the intended demographic, I actually liked a lot of the content that was on there from launch onto now. And that TurnStyle format made a lot of the shows more enjoyable in portrait mode more than in landscape. Well outside of Last Looks, where the editors of that show made it seem like all the interviewees there don’t believe in friggin’ personal space.
    And the fact that a whole lot of those shows, along with that unique format are going to potentially be lost to time is just disheartening to a saddening degree for me. Even more so after learning that the app’s going to be sitting die in just a few short weeks.
    The on the go mindset was understandable had it had not been for Covid-19 getting in the way. But I feel like had they made it a mobile FIRST app with accessibility to Chromecast and Airplay support on day one, it would’ve been able to make it through another month instead of making it STRICTLY a mobile only service, as unique as it considerably was at the time.
    God I’m going to miss this app...😔

  • @samytrader6629
    @samytrader6629 3 년 전 +3

    I love you Mackenzie , you're so awesome. I don't think anyone could do the after hours better than you do, I do not usually like mainstream media, but I think you're giving a great summary on important events related to business and finance. Keep it up.

  • @ifneeded1
    @ifneeded1 3 년 전 +9

    The hair looks great for a home setup.

  • @davidellis5141
    @davidellis5141 3 년 전 +21

    Mackenzie & After Hours Are Awesome !

    • @jagsfanrick
      @jagsfanrick 3 년 전 +1

      Mackenzie Phillips played in a great sitcom too

    • @davidellis5141
      @davidellis5141 3 년 전 +1

      @@jagsfanrick One Day At A Time.

    • @jagsfanrick
      @jagsfanrick 3 년 전 +2

      @@davidellis5141 oh yea loved that show growing up, probably couldn't stand it now

    • @bmorris6156
      @bmorris6156 3 년 전

      Agreed! Really enjoy the content and Mackenzie's delivery

  • @thebabypete8516
    @thebabypete8516 3 년 전 +8

    TBH Quibi was a bad idea. There is a lot of competition and no real content on the platform. RIP

  • @xelefonte
    @xelefonte 3 년 전 +1

    *Everyone always tells you....that you just have to find that one big tech stock like Apple and Netflix. But for every Netflix, there are 1000 Quibi’s. That’s why investing is so frustrating and difficult. Quibi had the backing of reputable companies like Disney. And it’s board included Meg Whitman, founder of EBay. You figure you can’t lose in a tech stock like that in an increasing tech world. Wrong? Quibi was one of many tech stocks that tanked during the pandemic. I acknowledge Quibi for at least returning shareholder funds and not hopelessly continue to revive a sinking ship and waste additional investor funds.*

  • @kcgunesq
    @kcgunesq 3 년 전 +3

    I'll speculate before I watch the video.
    They offered a product no one wanted and charged an amount no one was willing to pay. But mostly the first.

  • @lafcadiothelion
    @lafcadiothelion 3 년 전 +2

    Quibi was stupid since day one. I remember seeing an ad for it and thinking this is the dumbest thing I’ve ever seen.

  • @nickns732
    @nickns732 3 년 전 +4

    Car insurance commercials had higher production value than Quibi content 😂

    • @keijijohnson9754
      @keijijohnson9754 3 년 전

      At least Quibi KNEW what it was about! Car Insurance commercials these days are so overly produced that they hardly even had anything to do with car insurance at all! Quibi was NOTHING like those wastes of ad space!

  • @jdjkiller
    @jdjkiller 3 년 전 +7

    I like the way you deliver your news :D

    • @felixrichard6137
      @felixrichard6137 3 년 전

      To everyone out there, I would advice y'all too make sure you know and have a trading strategy before going into trading. Trading is very complicated that is why a lot of people going into it and after loosing their start up capital twice or multiple times, never go back to it. You can buy signals or use the help of an account manager if you are not a pro yet. No amount of appreciation can really be enough to show how deeply I appreciate mr Jason for all he has done for me. After seeing all he has done, my friends and family had to invest too. He gave me online access to Monitor my investments and make withdrawals at free will when ever I want. For those of you interested Contact him on Instagram @Jason_real.fx or Whatsapp: (601)227-3847

  • @adityapatnaik6079
    @adityapatnaik6079 3 년 전

    good reporting by CNBC.com's MacKenzie Sigalos !

  • @FinancialShinanigan
    @FinancialShinanigan 3 년 전 +5

    Politicians agreeing? Lol don't make me laugh

  • @bnnyboyy101
    @bnnyboyy101 3 년 전 +2

    To make a long story short quibi is shutting down because its fking stupid and anyone could see that from a mile away. I cant believe the project got green lit in the first place.

  • @TesteursSansFrontieres

    “Today”
    I love the intro and how you always follow a pattern, thank you

  • @CHRISPYakaKON
    @CHRISPYakaKON 3 년 전 +5

    Tf is Quibi? Lol

  • @auro1986
    @auro1986 3 년 전 +1

    cnbc, tell quibi to get in business of delivering chipotle tacos and burritos on the go

  • @oquendo0021
    @oquendo0021 3 년 전

    Thank God them dam ads are gone, they were annoying. And I never once saw myself signing up. KRplus is free plus I have Netflix, Hulu and prime video witch is free on metro pcs

  • @Intercitywitty
    @Intercitywitty 3 년 전 +2

    Lol didn’t Meg Whitman nearly manage HP into the ground?

  • @xtrailz
    @xtrailz 3 년 전

    Airline guy: "Please fly on our planes, pleeeeaaasssseeee ..."

  • @dilipjoshi2924
    @dilipjoshi2924 3 년 전

    Very good presentation 😊!

  • @darylmccormick
    @darylmccormick 3 년 전

    I remember when they announced this turkey. They came on CNBC and they kept talking about how professional it was and because of that professionalism they were going to win. Even the CNBC commentators didn’t buy it and questioned them and they just refused to listen. I do not think they even had any money at that time. For all of the fools that we’re thinking of giving them the money at that time only needed to watch that interview to know that it was a bad idea. I guess these are people with nothing better to do but throw money down a hole. I have a business that I started six years ago and I couldn’t get funding to buy a box of paper clips. who are these people that can convince suckers to give them hundreds of millions of dollars based on fake ideas?

  • @FloridaMan69.
    @FloridaMan69. 3 년 전 +2

    never heard of it

  • @LuisMendoza-pp9qi
    @LuisMendoza-pp9qi 3 년 전

    Why didn't just turned Quibi into a streaming platform??

  • @jhause9404
    @jhause9404 3 년 전 +5

    McConnell on stimulus as the virus rages: 😂😂 "We think we did enough. We don't have an appetite for more help"
    Meanwhile americans starve from high struggle and high appetite

  • @fuccupfreddy1996
    @fuccupfreddy1996 3 년 전 +2

    Quibi was hard to find when I tried purchase a sub so I just quit.

  • @Trimalchio12
    @Trimalchio12 3 년 전

    This is a great series! I hope it eventually becomes daily.

  • @Rvger1
    @Rvger1 3 년 전

    Finally no more the wireless ads

  • @menassies3224
    @menassies3224 3 년 전

    Done amazingly Mackenzie

  • @GreenAppelPie
    @GreenAppelPie 3 년 전 +1

    I never even heard of quibi.

  • @conorc4594
    @conorc4594 3 년 전

    Quibi is pretty darn dank! Congrats guys !!

  • @trentdodd5953
    @trentdodd5953 3 년 전

    It was the awful ads for me

  • @AfricaGeo
    @AfricaGeo 3 년 전 +1

    Thank Rick Ross for Wing Stop

    • @AfricaGeo
      @AfricaGeo 3 년 전

      @S C only reason I ever went to a wing stop ... But it was worth it . Fat boy knows good wings and Khaleds Finga Lickin ain’t bad either just a little pricey

  • @SagaciousEagle
    @SagaciousEagle 3 년 전

    I'd say producing a movie with a portrait aspect ratio would be a tricky one if it isn't used for social media. I personally prefer landscape just because of the human's natural peripheral vision.

  • @larissatom6910
    @larissatom6910 3 년 전 +1

    Quibi will connect their 10 minute episodes into 30 minutes, repackage, and sell to Netflix which will air anything (eg. Cuties.)

  • @bcnicholas123
    @bcnicholas123 3 년 전

    Their ads were so annoying

  • @karansaxena1244
    @karansaxena1244 3 년 전

    Looking fresh

  • @rd9102
    @rd9102 3 년 전

    Ok i feel a bit left behind and i am usually pretty plugged in but to be honest, i don't think i have ever heard of Quibi until now...AT ALL. Like never even knew it existed. OH well, moving on.

    • @ferociousgumby
      @ferociousgumby 년 전

      I just found out about it and watched a hilarious video about how god-awful the content was! Just jaw-droppingly awful.

  • @_Smarf_
    @_Smarf_ 3 년 전

    Quibi is only about 1/5th of this video, very misleading. Need to learn how to title videos accurately.

  • @quasar7553
    @quasar7553 3 년 전

    I literally saw there ads on KRplus for a good month and always was annoyed and wondered why VC’s would even back it? 1.75 billion 😂

  • @dhwang101
    @dhwang101 3 년 전

    You telling me that Quibi couldn't Pivot??

  • @NishanthNair
    @NishanthNair 3 년 전 +1

    Feeling bad for the founder of Quibi. He looks distressed.

  • @johnny98961
    @johnny98961 3 년 전

    DUE NO QUIBI IS Amazing

  • @chuckley54494
    @chuckley54494 3 년 전 +1

    because it was junk and no one wants to pay for 40 streaming services. that is why folks got rid of cable

  • @ZhongRenHuang
    @ZhongRenHuang 3 년 전

    How do they sleep at night, burning private investors like this? Hard to start a new venture with other people’s money next time.

  • @user-hf2dr7sh4y
    @user-hf2dr7sh4y 3 년 전

    I’m gonna invest in quibi. I believe in them

  • @flopez425
    @flopez425 3 년 전

    she said for what ever reason lol legit had 4min episodes and u expect people to pay for that!?

  • @Catatonia31
    @Catatonia31 3 년 전

    Streaming services = saturated market.

  • @Leguminator
    @Leguminator 3 년 전

    Quibi: brought to you by the Quaker Oats Lady

  • @INICK84
    @INICK84 3 년 전

    Make sure you get out and vote!!! Don’t care who you vote for just vote!!!

  • @OnewYork
    @OnewYork 3 년 전

    Quibi 👍 it'll make a comeback

  • @phoenix5054
    @phoenix5054 3 년 전

    $1.75 billion down the drain. This coming from debt-stricken at&t and disney.

  • @bradman4505
    @bradman4505 3 년 전 +1

    Quibi = free
    Government = shut it down

  • @Noemailnuublette
    @Noemailnuublette 3 년 전

    This WingStop commercial has been brought to you by CNBC.

  • @awolf3362
    @awolf3362 3 년 전 +1

    Lol snapchat, tiktok and most of Facebook and Instagram reels videos are optimized and run great on mobile phones. How are you going to launch a company in April and blow through 1.7 billion in 7 months and blame the pandemic that started in February.

  • @sc3610
    @sc3610 3 년 전

    Mckenzie 😍

  • @vaisakhp5396
    @vaisakhp5396 3 년 전

    I love to see you in black wow 🌈❤️💙❤️💙

  • @eloneatmyshorts
    @eloneatmyshorts 3 년 전

    Did that Piper analysts say that Wingstop has a DIRECT relationship with their clients because their customers use the desktop website vs a mobile app? Seriously?

  • @bookshelf5759
    @bookshelf5759 3 년 전

    They did a terrible job explaining what it is and why I should give a damn

  • @silverancient7840
    @silverancient7840 3 년 전

    RIP Quibi

  • @pedrovarrgas
    @pedrovarrgas 3 년 전 +1

    😅😅😅😅😅
    Not even with 1 billion in funding

  • @usakira428
    @usakira428 3 년 전

    RENO 911 didn't need to be 6 mins anyways.

  • @jvlixn
    @jvlixn 3 년 전

    Yeah who didn’t see quibi flopping. It’s a dumb idea

  • @Reconseal4050
    @Reconseal4050 3 년 전

    10min shows is just plain stupid. The standard should be 45mins or more!

  • @hedcorp9827
    @hedcorp9827 3 년 전

    Quibi did a blockbuster........MacKenzie should do pants suits next month lol

  • @wild_taco_gonecrazycorona9112

    here we go again Zombie company 101 = Quibi damm

  • @kingnay08
    @kingnay08 3 년 전

    Can I have quibi??? I think I can run it better lol

  • @MichaelWolf940
    @MichaelWolf940 3 년 전

    Quibi failed because their owners are over 100 years old 🤣

  • @davidstring8301
    @davidstring8301 3 년 전

    This was destined to fail anyway. I can't believe it got this much cash investment

  • @TheShineboxer
    @TheShineboxer 3 년 전

    Boomers thought they could choke the market here too

  • @jhause9404
    @jhause9404 3 년 전

    Quibi founder in a disgustingly small living room??? Bad look dude!!

  • @janesmith2189
    @janesmith2189 3 년 전

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  • @Hunter-nr5iu
    @Hunter-nr5iu 3 년 전

    Vote! :)

  • @asianpower3000
    @asianpower3000 3 년 전 +2

    Hopefully that means the new season of Reno 911 will be available somewhere else

    • @felixrichard6137
      @felixrichard6137 3 년 전

      To everyone out there, I would advice y'all too make sure you know and have a trading strategy before going into trading. Trading is very complicated that is why a lot of people going into it and after loosing their start up capital twice or multiple times, never go back to it. You can buy signals or use the help of an account manager if you are not a pro yet. No amount of appreciation can really be enough to show how deeply I appreciate mr Jason for all he has done for me. After seeing all he has done, my friends and family had to invest too. He gave me online access to Monitor my investments and make withdrawals at free will when ever I want. For those of you interested Contact him on Instagram @Jason_real.fx or Whatsapp: (601)227-3847

  • @cantavebenhugo7551

    Not surprise 🙄

  • @Rodolfowei12345
    @Rodolfowei12345 3 년 전

    It was so obvious that was going to hapen no news here

  • @zzzzzz5234
    @zzzzzz5234 3 년 전

    They really did my girl dirty with that thumbnail

  • @PokemonSicness
    @PokemonSicness 3 년 전 +1

    this app sucked anyways

  • @Jayb-xo5bp
    @Jayb-xo5bp 3 년 전

    Fellow Americans, look up Tony Bobulinski. Why isn't it the lead story on this news outlet? One guess? Slanted news!

  • @DanushkaDesa
    @DanushkaDesa 3 년 전

    🇱🇰🇱🇰

  • @deny3638
    @deny3638 3 년 전

    Lmao shocking

  • @Erick-bg3cw
    @Erick-bg3cw 3 년 전 +1

    Sounds like she got the Rona 😫

    • @felixrichard6137
      @felixrichard6137 3 년 전

      To everyone out there, I would advice y'all too make sure you know and have a trading strategy before going into trading. Trading is very complicated that is why a lot of people going into it and after loosing their start up capital twice or multiple times, never go back to it. You can buy signals or use the help of an account manager if you are not a pro yet. No amount of appreciation can really be enough to show how deeply I appreciate mr Jason for all he has done for me. After seeing all he has done, my friends and family had to invest too. He gave me online access to Monitor my investments and make withdrawals at free will when ever I want. For those of you interested Contact him on Instagram @Jason_real.fx or Whatsapp: (601)227-3847

  • @utuberoku2475
    @utuberoku2475 3 년 전

    voting is mobile and here today!
    Watch video and see how www.Voatz.com works with your current voting system. Let’s get on board!!

  • @FrankNadarStudios
    @FrankNadarStudios 3 년 전

    I am happy Quibi shutdown, Vertical video bad for viewing. I even get upset when people shooting vertical videos on Smartphones. So YAY 😃