That's right everybody you guessed it. It's an emergency pod quibby is dead quibby is dead they burned through

1.4 billion dollars in 30 months that's 47 million a month. We're going to break down what went wrong and

we're going to do an autopsy of post-mortem and it is not pretty folks. Stick with us.

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Hey everybody, welcome to another emergency podcast.

You knew this was coming.

You've all asked me on Twitter over and over again. when are you going to do the quibby breakdown?

For those of you who don't know what a quibby is, a quibby or quibby, Q-U-I-B-I was a high profile new media subscription service like Netflix or Tik-Tock maybe living

somewhere between those two the intention was to produce bite-size content on your phone and to get

millennials and Gen-Z and Gen-C and everybody else to pay five to eight bucks a month five bucks with ads eight bucks without

ads $60 a year to a hundred dollars a year basically and based upon Jeffrey

Katzenberg one of the most successful media executives in the history of modern day media,

was able to raise $1.7 billion from folks like 21st century Fox, Alibaba, JP Morgan,

MGM, Lionsgate, NBC Universal, Warner Brothers Disney,

Sony and Goldman Sachs, and Madron Capital. No VCs in there, obviously.

This was a media play funded by media companies. Of course, people are going to call it a technology

play and they're going to blame the technology industry for this high profile failure just like they are going to blame Nicola and Therinos. Those three companies did not have technology investors.

I consider them separate companies from Silicon Valley,

even though they all have some level of technology

and get bundled with technology.

...