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Jawbone goes into liquidation as founder starts new health-related company

Jawbone goes into liquidation as founder starts new health-related company

After years of fighting with its rival Fitbit over fitness trackers, Jawbone, the personal electronics company that was once valued at nearly $3 billion, is reportedly preparing to shut everything down and sell off all of its assets.

The Jawbone name isn't going away entirely though.

However, The Information also reports that the company's CEO and co-founder Hosain Rahman is jumping ship to a new venture called Jawbone Health Hub.

According to newly listed job adverts from the company, Jawbone Health "connects patients and physicians like never before with continuous, data-driven dialogue". "This unique position of daily directed guidance stands to redefine primary care, while helping people live happier, healthier and longer".

United States card firm Vantiv goes global with £7.7 billion Worldpay buy
Worldpay supports 400,000 merchants in 126 currencies across 146 countries, vastly widening Vantiv's global reach. The announcement came only 20 months after Worldpay listed in London with a £4.8 billion price tag.

Problems at Jawbone first came to attention in May past year when it exited its core businesses in one final attempt to bring a "Hail Mary" medical device to market.

Despite launching successive generations of the UP, Jawbone failed to gain a significant market share, particularly in the face of declining interest in consumer wearables.

When probed for comment by TechCrunch, neither Jawbone nor Rahman replied.


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