allegedly calls it over. According to a Friday report from CNN, the live quiz game for mobile devices will be shut down and its 25 full-time employees will be fired.
The live streaming game, where attendees could turn on their phones twice a day and play for real money, became one of the hottest trends after its launch in 201
The headquarters also had to deal with internal challenges such as the July 2019 .in December 2018 and layoffs of 20% of its employees in
CEO Rus Yusupov reportedly sent a corporate email on Friday saying, "Major investors are no longer willing to fund the company, and so effectively today headquarters will shut down and go into liquidation . " He also said that the company had consulted a banker to "find additional investors and partners to support the company's expansion," and that HQ Trivia had "received an offer from an established company" and intends to finalize the deal on To be closed on Saturday in advance According to CNN, the possible acquisition failed.
HQ Trivia did not immediately respond to a request for comment.
Originally published February 14 at 3:02 p.m. PT.
Update, 3:14 p.m .:  Add more details from Yusupov's email. 4:12 pm:  Adds information about HQ Trivia installations.