How did Quibi lose 2 billion

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Quibi Executive: So let's make an app where we have 10 minute movies that you view in tik tok style
Investor: seems legit let's invest
People: Who wants to watch movies on mobile exclusively
People: When we already have Netflix and Disney plus
Quibi Executive: We have former Disney directors and famous actor c'mon we'll succeed
Investor: INVEST
Economic Analyst: This is gonna fail there's no public interest don't invest
People: STOP SENDING ME ADS shgdakHszlcnaljzxcs
News: Lmao Quibi lost 2 billion in under 6 months
Quibi Executive: I'm fired bruh
Investor: MY MONEY

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