Quibi's lawsuit drama includes Snapchat and the most aggro fund on Wall Street

Next up on Chrissy's Court... Quibi gets served. Quibi is the mobile-centric, ridiculously well-funded short video streaming app that launched in April. One of its most distinguishing features and differentiators is "Turnstyle," which lets you seamlessly switch between horizontal and vertical phone viewing — it's also the reason Quibi's getting sued:

• Interactive video company Eko is accusing Quibi of stealing its patented tech. Reportedly, Eko showed the tech (including its code) to Snap employees, who were later poached by Quibi. Quibi denies any foul play or code-swiping.
• To spice things up further, Quibi founder Jeff Katzenberg met with Eko's founder Yoni Bloch in 2017 about an investment opportunity. Then in 2019, former-Snap/current-Quibi employees met with Eko peeps again.

And the plot thickens... To win against billions-backed Quibi in a lawsuit, Eko needs serious cash. Enter Wall Street's most-hardo hedge fund, Elliot Management (see: ultimatum'd Jack Dorsey).

• Elliot is bankrolling Eko's lawsuit, in exchange for a "substantial" stake in the company — according to #PFWTM.
• If Eko/Elliot wins the suit, Quibi would likely have to stop using the signature turnstyle tech or license it from Eko.