Jawbone leaks: payments overdue, possible sale

Jawbone‘s back in the news again for a wrong reason: someone close to the company is telling dirty secrets about how the fitness bracelet maker played ball with a partner company.

The Information reports that Jawbone notified that company that it wold not make a payment due this month. Other sources say that Jawbone has been shopping itself out to potential acquirers as well.

This falls on top of poor sales and a Hail Mary decision to reduce inventory and assembly and focus on a medical-grade band. Its creditors are tearing down its stock’s value while Fitbit notched a legal win in a patent infringement case against Jawbone with a trade theft case’s verdict to be decided.

Source: The Information
Via: The Verge

Share This Post

Watch the Latest Pocketnow Videos

About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.