A Quibi advertisement in New York. The streaming service has been plagued with problems since it launched in April.

Photo: Richard B. Levine/Zuma Press

Quibi Holdings LLC is is shutting itself down, according to people familiar with the matter, a crash landing for a once-highflying entertainment startup that raised $1.75 billion in capital.

(More to come)

Streamer Struggles

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

This post first appeared on wsj.com

You May Also Like

Taking an antibiotic after sex helps gay men curb STDs — but could fuel drug resistance

As the United States reckons with a burgeoning sexually transmitted disease crisis,…

White House warns of Covid treatment, vaccine cuts without added funding

WASHINGTON — Biden administration officials warned that the U.S. will soon run…

Why the tried-and-true defense tactics didn’t work for Derek Chauvin

Doubt is at the heart of every criminal defense: Beyond a reasonable…

Chris Wallace Leaves Fox News to Join CNN+

Chris Wallace, longtime host of “Fox News Sunday,” is leaving the cable…