Posted on 06/01/2016 11:48:28 AM PDT by Enchante
Last year, Elizabeth Holmes topped the FORBES list of America’s Richest Self-Made Women with a net worth of $4.5 billion. Today, FORBES is lowering our estimate of her net worth to nothing. Theranos had no comment.
Our estimate of Holmes’ wealth is based entirely on her 50% stake in Theranos, the blood-testing company she founded in 2003 with plans of revolutionizing the diagnostic test market. Theranos shares are not traded on any stock market; private investors purchased stakes in 2014 at a price that implied a $9 billion valuation for the company.
Since then, Theranos has been hit with allegations that its tests are inaccurate and is being investigated by an alphabet soup of federal agencies. That, plus new information indicating Theranos’ annual revenues are less than $100 million, has led FORBES to come up with a new, lower estimate of Theranos’ value.
(Excerpt) Read more at forbes.com ...
A finger prick hurts more than a regular stick with a butterfly needle. More nerves in the fingertip.
actually, Elizabeth Holmes has been on the scene for more than a decade and has been claiming and promising all that time.... but the clock seems to have run out on her empty promises....
I remember reading a while ago that the “Chief Scientist” of Theranos committed suicide after telling his wife that nothing was working as promised.....
true, I’ve wondered since I first heard of this why it was assumed that people would prefer the finger prick.... but then I have no phobia of needles, so I have no trouble with blood tests.... which is a good thing, because as a former cancer patient I have had tons of needles stuck into me.
Holmes never passed the smell test. The investors were part of some scam that’s fallen through. Wouldn’t surprise me if Hillary was somehow behind it - which would make this good news, because it could only happen then if Hillary was known, behind the scenes, to be going down.
some investigators ought to get to the bottom of how all those investors and prominent board members got lined up for a thing that was more transparently bad than the Bernie Madoff scam...... she has quite a board of “heavyweights” but they don’t know anything about the field and sold their names for stock options, presumably....
Al Gore’s buddy David Boies is very involved with Theranaos:
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