Quibi is the perfect case study for overcapitalization.

Injecting $1.75 billion into an industry doesn’t do anyone any good if it’s not sustainable.

Shows get cancelled. People lose jobs. Dreams are dashed.

https://arstechnica.com/gaming/2021/01/quibis-1-75b-experiment-ends-with-roku-acquisition-for-less-than-100m/