> Quibi was more "I'm going to spend $2Bn failing where others failed before"

This is what makes it especially ridiculous. Verizon had just failed with a huge splashy launch for go90. It takes a ton of arrogance to then decide to do the same without any real innovation. Rotating between landscape and portrait is a feature not an entire product. And especially not the basis for a media company.

The average startup founder would never be in the position to pitch an idea like this AND still receive $2B in funding. This wasn't just a bad bet it was a stupid one.