On July 7, according to The Information, Jawbone, the originator of wearables, has begun to enter the liquidation process, which means that it is about to become history.
The Information reported that Jawbone had sent a notice to the creditors on June 19 stating that the company had entered bankruptcy proceedings under California law.
Another source pointed out that Jawbone co-founder and CEO Hosain Rahman has set up a company called Jawbone Health Hub to develop medical health-related equipment and software. Jawbone employees have joined the new company earlier this year.
For these messages, Jawbone declined to comment. It has been reported last year that Jawbone plans to sell its speaker business, and they also cut 15% of the global layoffs in 2015.
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