Jolla Ltd, the mobile company from Finland today announced that its latest financing round which aimed to end in November, has been postponed and the company needs to adjust its operations accordingly. At the same time the company has filed for a debt restructuring program in Finland, to ensure the continuity of its business. Jolla will also temporarily lay off a big part of its personnel.
Few devices have a history as complicated as the Jolla and Sailfish. The ten-year journey from the Nokia N770 to the Jolla was long, arduous, filled with focus shifts, mergers, and other complications. Like the nameless protagonist in The Last Resort, in order to step out of the shadows of the old world, Jolla had to leave Providence behind, traverse the Great Divide, cross the Rockies to reach the Malibu, and set sail across the Pacific to end up on the pearly white beaches of Lahaina. However, also just like the nameless protagonist, they found that the natural beauty of Lahaina had already been framed and plasticised by hotel chains and fast food restaurants. It is in that environment that Jolla must make a stand and survive - because there's no more new frontier.