10:02 a.m. Sept. 21, 2020
- By Jon Swartz
Streaming service Quibi is exploring possible sale: reportStreaming service Quibi Inc., the mobile-platform network founded by Jeffrey Katzenberg and headed by ex-Hewlett Packard Enterprise Co. Chief Executive Meg Whitman, is exploring strategic options including a possible sale, according to a Wall Street Journal report on Monday. Quibi immediately declined on the report. Despite raising more than $1.4 billion and pouring millions into TV advertising, the Hollywood-based venture has struggled to gain a wide audience amid fierce competition from Walt Disney Co. , Apple Inc. , Netflix Inc. , and Amazon.com Inc. , among others. "Quibi has successfully launched a new business and pioneered a new form of storytelling and state-of-the-art platform. Meg and Jeffrey are committed to continuing to build the business in the way that gives the greatest experience for customers, greatest value for shareholders and greatest opportunity for employees. We do not comment on rumor or speculation," a company spokesperson said.
8:23 a.m. June 30, 2020
- By Jon Swartz
Here are tech companies’ plans for increasing diversity amid protests over racial inequality Netflix, Google, Facebook and Microsoft among the big names promising money and targeting specific goals for increasing hiring of black tech workersSparked by social protests over systemic racism, the tech industry is laying out concrete plans to increase diversity within their workforces. Here are the plans that have been publicly announced by some of the biggest names in technology.