Jeffrey Katzenberg’s Quibi is on track to have less than 2 million paid subscribers by the end of the first year–well below the 7.4 million the company had targeted, according to the The Wall Street Journal. Katzenberg launched Quibi in April amidst the coronavirus pandemic and a lot of industry debate about whether the short-form video service could be successful. The figures cited by the...
Quibi on Track to Have Less Than 2 Million Subs After First Year
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Inside the Culture Clash at JPMorgan and WePay
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal. But it didn’t all go to plan. As the bank tried to digest the...
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