Quibi will no longer give Snap’s founding story The Social Network treatment. According to Variety, the new streaming service “is not moving ahead” with its plan to create a drama series based on the rise of Snapchat and its founder Evan Spiegel. Quibi first announced the project at SXSW last year after picking up a screenplay entitled Frat Boy Genius that was part of the 2018 Black List, the annual survey of most-liked screenplays that haven’t been produced yet.
Reports that came out that time said the script shows Spiegel in a pretty unflattering light, depicting him as a hard partier who replaced one of the app’s original programmers with a male counterpart. A moderator at the SXSW panel said Snap HQ was alarmed about the project. Variety didn’t say why the series was scrapped, but we reached out to Quibi for confirmation.