31. The Downfall of Quibi: The Story of an Expensive Failure! (English Vocabulary Lesson)
Thinking in English
Shownotes Transcript
Today we will discuss the failure of Quibi! I guess many of you are asking, “what is Quibi?” You’re probably not alone. Quibi was supposed to be the next big thing in online videos, attracting billions of dollars in investments before it launched earlier this year. On the 1st December, however, Quibi ended for ever. We’ll look at the history of Quibi, its unique selling points, and talk about why it failed.
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Vocabulary List
Platform (n) - a method of communication or entertainment like television, radio, or the internet
This podcast is available on a number of podcasting platforms, including Apple podcasts, Spotify, and Google podcasts!
content (n) - the information and experiences that are directed to an end-user or audience
She has been producing Youtube content for 5 years!
To tailor (v) - to adjust something to suit a particular need or situation
Their services are tailored to client’s needs
amalgamation (n) - the action or process of uniting or merging two or more things
Opera is an amalgamation of singing, acting, and stagecraft
Orientation (n) - arrangement or direction
The building has an east-west orientation
To consume (v) - to use something such as fuel, energy, money, content or time, especially in large quantities
This device will monitor how much energy your household appliances are consuming at any time
To break down (Phrasal v) - to break down something such as idea or statement means to separate it into smaller parts in order to make it easier to understand or deal with
The report breaks down the results region by region
Up-and-coming (adj) - likely to achieve success soon or in the near future
She is an up-and-coming actress
Comprehension Questions
Q. What two words were combined to make the name Quibi?
A. Quick Bites
Q. How much money did the company raise?
A. $1.8 billion
Q. How many subscribers did Quibi have when it shut down?
A. 400,000
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