Osom Products, Inc. is shutting down just weeks after a lawsuit by its former chief privacy officer claimed financial mismanagement, including personal expenses charged to the company.
During an internal meeting, Osom executives revealed to employees that the company would cease operations, with most employees laid off but promised severance and continued health care.
Founded by former Essential employees, Osom aimed to create privacy-focused mobile devices but struggled to gain traction, ultimately releasing only one smartphone model.
The company had partnered with Solana to create a crypto-integrated version of its only phone, but its financial troubles overshadowed any innovative efforts.
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