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Quibi’s top executives are ready to blame themselves, not just the pandemic, for Quibi failing

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Quibi co-founder Jeffrey Katzenberg admitted he was wrong for comments he made in May blaming the entirely of the company’s failing on the coronavirus pandemic. He’s ready to accept the blame for Quibi’s collapse.

“It [wasn’t] fair,” Katzenberg told CNBC earlier today. That chat with CNBC was the first interview he and CEO Meg Whitman did after announcing Quibi was shutting down. “It was a bit of a quippy answer — a flippant answer — at the time. But other companies have faced the challenges of COVID and have managed to find a path. I think Meg and I believe in owning our miss. Simply to blame it on COVID is not fair, and not something either of us want to do.”

Both Katzenberg and Whitman clearly wanted to get one point across in that interview: this failure is ours. The two executives are now winding the company down, trying to find buyers who may be interested in both the company’s library catalog and patented Turnstyle technology, and giving investors back part of their money. Whitman added that it became increasingly clear, “for whatever reason, that Quibi was not going to be as successful as Jeffrey and I hoped.” In the end, Katzenberg said, “what we can do is own it.”

Disclosure: Vox Media is partnered with Quibi on two shows and there were once discussions for a Verge show.

Critics and analysts predicted Quibi’s failure from the company’s infancy. (Here are exactly 11 reasons why Quibi was destined to fail.) Katzenberg, Whitman, and other Quibi executives publicly waved those concerns aside. There was a “whitespace” for this kind of high-quality, short-form video that people would pay to watch — or so they thought, Whitman told CNBC.

“Over the summer we started to see a slowdown in our momentum,” Whitman said. “We took stock of where we were and said the best thing to do, the honorable thing to do, is return money to shareholders when we knew this wasn’t going to have a path forward.”

In an open letter to investors and employees, Katzenberg and Whitman said they suspected the combination of the idea’s flaws plus the pandemic was too much for Quibi. During their interview with CNBC, the two tried to explore what went wrong, and how they tried to fix it.

For example, Quibi’s price point was likely a barrier of entry for many people, Whitman said. The company introduced a free, ad-supported tier in Australia to see if that would encourage more people to sign up. While that tier had better results, Whitman said, they weren’t “good enough to keep on going.”

Katzenberg admitted he’s “very disappointed” in how it ended, and that the whole situation “hurts a lot.” “For me, I’ve got to get on that horse and find the next mountain to charge up,” Katzenberg said. “That’s the only thing I know how to do and I’ve got a lot to prove.”

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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