Jawbone
Wearables maker Jawbone may be out of business, but its beef with rival Fitbit lives on apparently in the form of a grand jury indictment handed down Thursday from the U.
Jawbone's Chief Financial Officer has left the company, The Verge reported this week.
According to Rock Health's new end-of-the-year funding report, total digital health funding was down to $4.
Fitbit has dropped one of its several lawsuits against Jawbone.
A piece of long-awaited good news for fitness wearable maker Jawbone -- $165 million in new equity funding -- came with two more pieces of bad news: a subsequent drop in valuation and the departure of its recently hired president Sameer Samat, who returned to Google.
Considering recent events, big name consumer brands are more likely than ever to move into regulated medical devices.
Heart rate-tracking wearable
Jawbone has laid off 60 employees, 15 percent of its workforce, according to a report in TechCrunch.
Fitbit Surge
Jawbone has filed an answer and counterclaim against Fitbit in response to the patent infringement lawsuit that Fitbit filed in early September, according to TechCrunch.
Fitbit Surge
Updated with statement from Fitbit
A California judge has ordered, in a preliminary injunction, that the five Fitbit employees accused of stealing trade secrets must return any Jawbone information in their possession to Jawbone and prove they've deleted any copies, according to a Law360 report.
Some 21 percent of US adults use a wearable device right now, and of those, 36 percent use a Fitbit device, according to a Forrester Research survey of 952 online US adults.