A example of one of the great virtues of capitalism: eventually, poorly run companies run out of money and go out of business, their executives/employees are fired, and any remaining assets are re-purposed for more profitable ventures.
If Quibi were a government program, on the other hand, their failure to meet expectations would be used as an excuse to demand even more funding.
For example, contrast Quibi's fate with the government-run Headstart program. The Headstart program consumes ~$10 billion per year (the equivalent to five Quibis). However, studies of the efficacy of Headstart programs find that there's no discernable difference between control and treatment groups after third grade:
"...[T]he final HHS report published in 2010 showed that by the end of first grade, the effects mostly faded out. According to the 2012 HHS report on third grade follow-up, by the end of primary school there was no longer a discernible impact of Head Start."
The Headstart program has been running continuously since 1965, so they've had plenty of opportunity to make things work.
If Headstart were a private company, it would've--should've--been shut down decades ago. Yet US taxpayers will be lucky if Congress even slows the rate of funding increases, let alone cuts the program's funding.
If Quibi were a government program, on the other hand, their failure to meet expectations would be used as an excuse to demand even more funding.
For example, contrast Quibi's fate with the government-run Headstart program. The Headstart program consumes ~$10 billion per year (the equivalent to five Quibis). However, studies of the efficacy of Headstart programs find that there's no discernable difference between control and treatment groups after third grade:
"...[T]he final HHS report published in 2010 showed that by the end of first grade, the effects mostly faded out. According to the 2012 HHS report on third grade follow-up, by the end of primary school there was no longer a discernible impact of Head Start."
The Headstart program has been running continuously since 1965, so they've had plenty of opportunity to make things work.
If Headstart were a private company, it would've--should've--been shut down decades ago. Yet US taxpayers will be lucky if Congress even slows the rate of funding increases, let alone cuts the program's funding.