Disgraced Theranos founder Elizabeth Holmes is to stand trial in the summer of 2020 [tr]

UK Daily Mail ^ | June 28, 2019 | Sophie Wingate

[catnipman]

“In the end, the real hero in my book was the grandson of George Schultz, who worked there and started asking questions (and was like 25 years old). While grandad, who dumped in big bucks, said things like “I don’t really understand this stuff, but I trust her”, his grandson asked hard questions resulting in the top people there threatening to fire him for just asking.”

AND George disowned his grandkid and they were estranged for years, but the kid kept doing the right thing anyway, making him even more a hero ... Theranos also came after the grandson and his parents with heavy-duty legal threats, and basically bankrupted them with legal fees ....

[Pearls Before Swine]

Ya uses what ya gots to use others if you’re a sociopath.

I get your point that youth and gender were tools available to her, and I agree. But, the distinction I was trying to draw is that sometimes they are the only tools, and people are plucked from nowhere to fill set-aside slots. She was a manipulative climber, not merely a passive beneficiary.

But, I think we both agree on that.

[trisham]

Theranos was a privately held health technology corporation,[2] initially touted as a breakthrough technology company, but subsequently infamous for its false claims to have devised blood tests that only needed very small amounts of blood. Founded in 2003 by then-19-year-old Elizabeth Holmes,[6] Theranos raised more than US$700 million from venture capitalists and private investors,[7] resulting in a $10 billion valuation at its peak in 2013 and 2014.[8][9] Investors and the media hyped Theranos as a breakthrough in the large blood-testing market, where the U.S. diagnostic-lab industry posts annual sales of over $70 billion. Theranos claimed its technology was revolutionary and that its tests required only about 1/100 to 1/1,000 of the amount of blood that would ordinarily be needed and cost far less than existing tests.

A turning point came in October 2015, when investigative reporter John Carreyrou of The Wall Street Journal questioned the validity of Theranos’ technology. The company faced a string of legal and commercial challenges from medical authorities, investors, the U.S. Securities and Exchange Commission (SEC), Centers for Medicare and Medicaid Services (CMS), state attorneys general, former business partners, patients, and others.[10] By June 2016, it was estimated that Holmes’s personal net worth had dropped from $4.5 billion to virtually nothing.[11] The company was near bankruptcy until it received a $100 million investment from Fortress Investment Group in 2017.[12] In September 2018, the company ceased operations.

https://en.wikipedia.org/wiki/Theranos

[gaijin]

Just like you said..!

Goodbye deep voice and SteveJobs-ian black turtlenecks, hello pom-poms, bobby-socks and hair-twirling..!

(extravagant eye-roll while shaking head)

[KC Burke]

I saw the new documentary “The Inventor: Out for Blood in Silicone Valley” It was outstanding. You can probably find it on cable or pay for view.

[Citizen Soldier]

But it was a woman who turned on the company

[shoff]

Didn’t know the details just assumed everyone wanted to believe her con. Bad Blood looks like a good read on a subject one would think was as dry as last years thanksgiving turkey.

[Pearls Before Swine]

Thanks for the recommendation on the series. I had made a note to watch it but lost track of it. So, it’s out... I’ll have to check it out.