HQ Trivia app shuts down as company folds

Joanna Estrada
February 17, 2020

That reward was divided by 523 audiences. An online speaker would certainly ask 12 several option concerns and also any person that addressed them all appropriately would win component of the video game's reward fund.

A live chat ran during the game, and presenters read out messages from players during the live daily broadcasts. It was founded by two of Vine's co-founders, Colin Kroll and Rus Yusupov, attracted millions in funding from investors like Peter Thiel's Founder's Fund, and managed about 15 million all-time installs, according to data from analytics firm Sensor Tower. I wish HQ's employees the best of luck in their future endeavors, and on the bright side, having one of the most popular mobile apps in recent history on a resume isn't too shabby.

Investors had pulled their cash out of the app and a plan for a new buyer to rescue the company fell through at the last minute. We received an offer from a business established to acquire headquarters and continue to build our vision, we had final agreements and legal documents, and a planned closing date for tomorrow, and for reasons we are still investigating, they suddenly changed their position and, despite our best efforts, we could not reach an agreement.

"Why are we shutting down?"

HQ Trivia quickly rose to prominence after it was released on iOS in 2017, and only became more popular after its Android debut in late 2017. "I think our investors ran out of money", stated Matt throughout the program.

"Someone hire me! I'm talented", said Anna.

Matt stated he would certainly been provided 2 shots of tequila and also both opened up a very big container of sparkling wine which he stated was being conserved for when the app got to 3 million gamers.

"It's the same reason people love live TV, but this you can take wherever you are", she stated.

"We've never stopped experimenting with video technology", Rus told Newsbeat in 2018.

"We thought if you could up the levels of production and broadcast directly to people's phones - and make that content more interactive and more social - that we could actually turn this into something we could use daily". The company was affected by the death of its co-founder and former CEO Colin Kroll in December 2018.

Other reports by Click Lancashire

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