(Original title: Jawbone, a former health bracelet giant, began bankruptcy and liquidation at a value of $3 billion.)
Hussein Rachman, co-founder and CEO of Jawbone
July 7th, according to foreign media reports, Jawbone, a manufacturer of consumer electronics products, known for its health bracelets and portable speakers, has begun its bankruptcy liquidation process. Its co-founder and CEO, Hussein Rahman, has set up the company. A new company.
Hussein Rachman stated that the new company Jawbone Health Hub specializes in the development of health-related hardware and software. After Jawbone experienced 18 years of survival and brilliance, he finally managed to start liquidation procedures without financial difficulties.
Jawbone sent a notice to creditors on June 19 stating that the company had entered bankruptcy proceedings under California law.
Jawbone previously had 450 employees and its valuation reached $3 billion in 2015. In recent years, the company has been struggling to ensure that products are shipped on schedule and at the same time resist competition from companies such as Fitbit. With the weakening of the smart bracelet market, the company was hit again and its investors may lose millions of dollars because the company went into liquidation procedures.
In short, it is time to say goodbye to Jawbone. (open air)
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