While it is not a particularly surprising move, it is something of a cautionary tale to hot startups who once seemed invincible, only to meet a gradual (and rather painful) demise. Even Fitbit, who could be credited as the victor in all this fitness tracking carnage, is not doing so well — its stocks are trading at 52-week lows, Business Insider reports.
Indeed, while the company is shutting down, it could still be worth quite the pretty penny given its pending lawsuits with Fitbit. Of course, that is not exactly a reliable source of money that any former employees should be hanging their hats upon.
Jawbone Health Hub, on the other hand, could be a different story. It has little to do with the original Jawbone, however, as its own company description notes that it is making the shift toward the clinical, promising to be “at the forefront of revolutionizing primary care for millions of patients worldwide.” The new company continues, “Combining more than 20 years of proprietary wearable technology with clinically relevant signals, Jawbone Health connects patients and physicians like never before with continuous, data-driven dialogue. This unique position of daily directed guidance stands to redefine primary care, while helping people live happier, healthier and longer.”
We reached out to the statup and will update this story with any additional information. But in the meantime, Sherwood Partners is allegedly dealing with the liquidation process and also taking over the last of the legal scuffle with Fitbit.
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