News of Jawbone Selling Off its Inventory is False, Says CEO

Jawbone CEO and founder Hosain Rahman refutes recent reports that his company is halting production of its UP fitness trackers and selling the remaining inventory to a third party. “As some of you may have recently seen, there have been a few incorrect media reports that Jawbone is exiting the wearables business or going out of business altogether,” he wrote in a blog post. “These reports are unequivocally false.” Rahman suggests that an inaccurate report was posted online before a correction was published, and other media outlets ran the news based on the initial post. “We will continue to support all of our products,” he added. “UP2, UP3 and UP4 are still hugely popular and continue to sell well.”

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