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The company also had trouble paying some vendors for their services and was forced to cut ties with its external customer service agency, sources said.Jawbone founder and CEO Hosain Rahman has started a new company called Jawbone Health Hub, which will work on medical software and hardware.The company has raised money for the new venture, but it's unclear how much, the source said.Your advice for the timing and location of the sale turned out to be spot on.The sale generated more than double of what I expected it to bring. Obviously you knew what to advertise, when to advertise and where to advertise.
Despite shuttering the business, Jawbone believes it is still worth a significant amount of money due to its pending litigation with rival Fitbit, according to the source.