Former Google executive, Andy Rubin’s startup shuts down
SAN FRANCISCO: Essential Products , a consumer electronics startup founded by the former Google executive Andy Rubin , said on Wednesday that it was ceasing operations.
It released a premium smartphone in 2017 that did not sell well, and it later scrapped plans to develop a smart speaker.
Essential was also dogged by news about Rubin and the circumstances of his departure from Google.
The New York Times reported in 2018 that Google paid Rubin a $90 million exit package after claims of sexual misconduct with an employee were deemed credible.
But interest evaporated, in part because of the risk associated with Rubin’s workplace scandals.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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