Tweet
HQ Trivia has officially come to an end.
The once mega popular quiz app, where players could win real cash during daily live shows, has shut down amid financial challenges, according to BBC News and CNN.
The company announced the news in a staff email obtained by CNN Business, stating on Friday that their “lead investors are no longer willing to fund the company,” so HQ Trivia was required to “cease operations and move to dissolution.”
CEO Rus Yusupov also explained in the letter that the decision to shut down came after they attempted to save HQ Trivia by hiring a banker “to help find additional investors and partners to support the expansion of the company.”
Though HQ Trivia “received an offer from an established business” and had plans to finalize their deal on Saturday, Yusupov said the plan fell through with investors, causing 25 full time HQ Trivia employees to lose their jobs.
HQ Trivia Shuts Down, Leaving Users With Final Drunken Broadcast And $5 Grand Prize O_o
The once mega popular quiz app, where players could win real cash during daily live shows, has shut down amid financial challenges, according to BBC News and CNN.
The company announced the news in a staff email obtained by CNN Business, stating on Friday that their “lead investors are no longer willing to fund the company,” so HQ Trivia was required to “cease operations and move to dissolution.”
CEO Rus Yusupov also explained in the letter that the decision to shut down came after they attempted to save HQ Trivia by hiring a banker “to help find additional investors and partners to support the expansion of the company.”
Though HQ Trivia “received an offer from an established business” and had plans to finalize their deal on Saturday, Yusupov said the plan fell through with investors, causing 25 full time HQ Trivia employees to lose their jobs.
HQ Trivia Shuts Down, Leaving Users With Final Drunken Broadcast And $5 Grand Prize O_o