Report: Jawbone Is Shutting down Its Business

Jawbone, a company popular for its Bluetooth headsets, speakers and fitness bands, is reportedly closing shop. A report from The Information suggests that the company has already begun sending notices to its staff as well as the creditors. Most of the employees at Jawbone have begun the transition to a spinoff brand, known as Jawbone Health Hub, the report adds. CEO and co-founder of Jawbone, Hosain Rahman, has already moved on to the new company.

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