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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.
Chinese ride-hailing giant Didi Chuxing had a big year, vanquishing Uber in China. In the wake of that deal, one of Didi’s mutual fund investors raised its expectation for Didi’s revenue growth rate to more than 150% next year, from 99%, securities filings suggest.
It’s been a tough 18 months for Jawbone. A new president hired from Google last year, Sameer Samat, returned to Google after just six months. It laid off 15% of its workforce. The company told one of its business partners it couldn’t make an August payment deadline. Jawbone breached covenants on ...