Quibi’s Founders, Jeffrey Katzenberg And Meg Whitman, Explain Why And How It’s Closing

Katzenberg: “There was no question that keeping us going was not going to have a different outcome, it was just going to spend a whole lot more money without any value to show for it.” Whitman: “Most entrepreneurs just keep on going [until] they literally run out of money and we just didn’t think that was the right thing to do.” – Deadline