The Australian Government’s Future Fund Invested $50 Million Into Failed Quibi
www.gizmodo.com.au
Australia's Future Fund made a significant investment into the failed streaming service Quibi, according to reporting from the AFR.

:stonks-down:

  • shrewchops [he/him]
    ·
    4 years ago

    My favourite part about Quibi is that Katzenberg blames the fact that there's a pandemic going on and everyone has to stay inside as to why his streaming platform failed. It comes right after the fact that billions were spent on an idea that literally everyone could have told them was bad.

  • GothWhitlam [he/him]
    ·
    4 years ago

    Holy shit. Love having my Government funnel public money into useless overseas tech endeavors. Seriously, fuck this nation, can't wait til the whole thing burns down.

  • opposide [none/use name]
    ·
    4 years ago

    NOOOOOOOOOOOOOO meaningful tangible assets to the public are bad and sovereign wealth funds are good!!!!!!!!!!!