Jawbone has been selling off its UP2, 3, and 4 fitness trackers, a sign that the company is in financial decline, and the latest employee departure only further stirred the pot. Now we have something in the way of an official sign from the company itself that tells us Jawbone is in serious financial trouble.
The source, The Information, says that Jawbone has delayed an August 2016 payment to one of its partners, yet another sign that Jawbone is strapped for cash and is living in anything but a heyday at this point. According to tech site The Verge, though, there's more to Jawbone's financial decline than a missed payment: Jawbone has also been trying to sell itself off to other companies. Per The Verge:
People with knowledge of the company's plans told The Information that Jawbone's top executives have continually engaged in conversations with potential buyers, stressing the company's financial obligations to investors.
This doesn't even concern the fact that Jawbone has been trying to sell off its speaker business since at least May (selling off divisions is a good way for companies to earn cash without depending upon their products to sell). Since Jawbone's UP fitness trackers have done little to help the company, an easy sell is an easy earning.
Take all this information and add it up, and you have a situation that has gone from bad to worse for Jawbone. Should Jawbone have a chance of winning in its lawsuits against Fitbit, the money may go to Jawbone's partners instead - leaving the fitness band company with nothing.