Remember HQ Trivia? The one-time wildly popular mobile quiz show’s fall from grace concluded on Friday afternoon with the company shutting down.
CNN was the first to report the news, and Tech Crunch confirmed later on Friday. The company, which first launched in 2017, laid off 25 full-time employees on Friday, a day after CEO and co-founder Rus Yusupov said a potential buyer backed out of a deal.
“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 told employees, according to a memo obtained by CNN.