3 Investing Lessons to Learn From Quibi's Failure
It took all of six months for Quibi to fail in colossal fashion. Quibi (short for "QUIck BItes" but it may as well be short for "QUIck oBItuary") announced that it was shutting down the premium streaming video app on Wednesday night.
Quibi seemed to have it all, including seasoned leadership, celebrity-studded programming, and nearly $2 billion in venture capital. But it was evident early on that there wasn't going to be a Hollywood ending for Quibi. Let's go over some of the important lessons that investors can hopefully take away from all of this, helping them separate the darlings from the doomed in this now highly competitive streaming market.
Image source: Getty Images.
Source Fool.com
