Perhaps the people that invested in this should hire me to evaluate pitches. It took me ten seconds and a google search of Quibi to see that the things was a dumpster full of gasoline saturated paper. Of course both Katzenberg and Whitman have left quite a few dumpster fires behind them before.
Karl Denninger posted about fake ball bearings recently. The thing is that while he writing in very hyperbolic language, he’s not exaggerating very much.
When You read stories like this the same things show up.
Somebody assumes. Somebody doesn’t check. Somebody doesn’t follow up. Followed all to frequently by somebody dies.