Despite shuttering the business, Jawbone believes it is still worth a significant amount of money due to its pending litigation with rival Fitbit, according to the source. As for Fitbit, its stock is trading at 52-week lows." data-reactid="25"Jawbone, which was once valued as high as billion by private market investors, is the latest pioneer of wearable electronics to throw in the towel.
Please use the form below to refine and maximize search results.As for Fitbit, its stock is trading at 52-week lows.first to report the news of Jawbone's liquidation.A Jawbone spokesperson declined to comment." data-reactid="26"The Information was the first to report the news of Jawbone's liquidation.A Jawbone spokesperson declined to forced to cut ties with its external customer service agency, sources said." data-reactid="27"Jawbone stopped producing its fitness trackers last year, according to sources familiar with the company. Jawbone sold its remaining inventory to a third-party reseller at a reduced price in order to generate much-needed revenue, sources said.The company also had trouble paying some vendors for their services and was forced to cut ties with its external customer service agency, sources said.according to Recode's Kara Swisher.