HQ Trivia is dead. Today the company laid off its full staff of 25 and will cease operation of its trivia, sports, and word guessing games, a source close to the company confirmed.

HQ Trivia had a deal in the works to be acquired, but they buyer pulled out yesterday and investors aren’t willing to fund it any longer, CEO and co-founder Rus Yusupov said in a statement attained by CNN Business’ Kerry Flynn.

“We received an offer from an established business to acquire HQ and continue building our vision, had definitive agreements and legal docs, and a projected closing date of tomorrow, and for reasons we are still investigating, they suddenly changed their position and despite our best efforts, we were unable to reach an agreement” Yusupov writes. “Unfortunately, our lead investors are no longer willing to fund the company, and so effective today, HQ will cease operations and move to dissolution. All employees and contractors will be terminated as of today.”

Launched in October 2017, TechCrunch wrote the first coverage of the 12 question live video trivia game started by two of the former Vine founders. Users could win real money by answering all the questions and not being eliminated …read more

Source:: TechCrunch

      

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