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Jawbone to Be Liquidated as Rahman Moves to Health Startup

Jawbone, the consumer electronics firm once valued at $3 billion, is going out of business. The company has begun liquidation proceedings, after years of financial pressures, according to a person close to Jawbone. 

Jawbone co-founder and CEO Hosain Rahman has founded a new company called Jawbone Health Hub that will make health-related hardware and software services, according to the person. Many employees of Jawbone moved to the new firm earlier this year, the person said. Jawbone Health will service Jawbone’s devices going forward, said the person.


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Signs of financial pressure had mounted over the past 18 months. Last August, Jawbone couldn’t make a $1 million payment to one of its vendors and unsuccessfully explored a sale. Also last summer, BlackRock marked down some of its holdings of Jawbone stock to less than a penny.

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The liquidation, which likely wipes out the equity held by investors, means losses for some of the biggest names in Silicon Valley.