Rumors have been swirling that Jawbone would be shutting down for nearly a year now, but a new report suggests it's finally happening. The report says Jawbone has begun liquidation proceedings and many employees have moved on to the new company, Jawbone Health.
A new report suggests that Jawbone is trying to raise money to switch from selling consumer wearables to making devices for the medical community. Rumors have persisted that Jawbone has been working on a medical device for at least a year now.
Jawbone has revealed that Fitbit has dropped its US International Trade Commission patent case against the company, which would have banned device sales.
A new report suggests Jawbone is struggling financially. The company has reportedly failed to pay NexRep for external customer service. Furthermore, Jawbone shipments have reportedly slowed to a near halt, and most of the company's inventory is out of stock online.
Jawbone and Fitbit have been in court since May due to patent infringement issues, but today, Fitbit was cleared of corporate espionage allegations after some of the patents included were withdrawn or invalidated. The companies remain in court in California with regards to a trade secret case.
Looking for a simple fitness tracker, but don't really want to spend $100? Groupon is now selling the Jawbone UP2 for $45. That's 55% less than its usual $99 retail price. The Jawbone UP2 is water resistant and can go up to 10 days between charges.
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