INSUBCONTINENT EXCLUSIVE:
HQ Trivia is struggling after a mutiny failed to oust its CEO
Downloads per month are down 92% versus last June according to Sensor Tower
And now four sources confirm that HQ laid off staff members this week
One said about 20% of staff was let go, and another said six to seven employees were departing
would be a 20% drop).That will leave the company short-handed as it attempts to diversify revenue with the upcoming launch of monthly
The cuts could further hamper morale at the startup following a tough first half of the year
HQ Trivia and co-founder Rus Yusupov did not respond to repeated requests for comment.HQ Trivia employees petitioned to remove co-founder
Rus Yusupov from the CEO positionFollowing the tragic death of co-founder and CEO Colin Kroll, Yusupov retook control
Yusupov caught wind of the plot and fired two of the leaders of the petition
materialized as its download rate continued to suffer
HQ Trivia saw just 827,000 downloads from January through June 2019, down 92% from the 10.2 million it saw in the same time frame in 2018
according to Sensor Tower
HQ Trivia fan site HQTrivia.fan shut down this week fearing the end was near for the official game, and the (Business) INSIDER-run clone of
the game on Facebook Watch called Confetti stopped airing at the end of June.Rather than solely monetizing a waning audience via in-app
purchases and sponsorships, HQ Words announced it would debut a $9.99 monthly subscription sometime this month that would grant access to
This could be a smart way to squeeze more dollars out of a smaller but more diehard audience.While HQ Trivia was an inspiring approach to
next scheduled match as we suggested over a year ago
television, or as a small but steady business on mobile catering to loyalists
But all the unfortunate events and mismanagement may make it difficult to exceed the $100 million valuation it raised money at during its
