Jawbone, once rivaling Fitbit for the top spot in the fitness wearable market, has begun liquidation proceedings after years of lackluster product launches and job cuts.
Hosain Rahman, the CEO and co-founder of Jawbone, has already established a new startup, Jawbone Health Hub, which will work on connected products for the health industry, says The Information.
See Also: Wearable sales to double by 2021, says IDC
Most employees still with the company have already moved over to the new startup, although the exact number of employees is not yet known

Internet of Things