Illustration by Alex Castro / The Verge
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…