Posted on 09/04/2018 7:55:29 PM PDT by sitetest
Theranos Inc., the blood-testing company accused of perpetrating Silicon Valleys biggest fraud, will soon cease to exist.
In the wake of a high-profile scandal, the company will formally dissolve, according to a shareholder email. Theranos will seek to pay unsecured creditors its remaining cash in coming months, the letter said.
The move comes after federal prosecutors filed criminal charges against Theranos founder Elizabeth Holmes and the blood-testing companys former No. 2 executive, alleging that they defrauded investors out of hundreds of millions of dollars and defrauded doctors and patients.
(Excerpt) Read more at wsj.com ...
She is a strange cookie. For one thing her voice is weird, unusually deep and coarse for a female. Crazy eyes too. She's not a particularly smooth con artist. Her body language and mannerisms project nervousness and deceit.
See "A123."
See "Extraordinary Popular Delusions and the Madness of Crowds," published in 1841 by the Scottish journalist Charles Mackay. He proposed that crowds of people often behave irrationally, and the 1636 "tulip mania" in the Netherlands was (along with the South Sea Bubble and the Mississippi Company scheme) one of his primary examples.
Amen! Really well worth watching.
Most of the folks who invested in her were high net worth before the Theranos crack up.
The estimated value of the company hit $10 billion in 2014, so that must have been an Olympic Gold Medal con job!
keat, tbw2 is exactly correct. I have been following the Theranos story for a long time. Holmes is actually in fact an attractive woman in a business environment sort of way, is connected politically with the Clintons and others and would never have made it had she been a he. At one point she was personally worth several billion dollars. Do a little bit of research.
No it is not correct. And what does ‘do a bit of research’ have to with her ugliness?
Davos. Bilderberg.
They have conventions.
It was amazing the penetration that the Theranos myth had. I recall going for a routing physical blood workup a couple of years ago and having the technician speak so positively about what was coming from them. Just a drop of blood instead of several tubes, the potential cost savings from materials and labor were huge!
As I understand it from afar, there was a nugget of actual technology behind this but it was never able to be upscaled into actual use.
Nevertheless, what immense chutzpah! A 19 year old dropout from Stanford thinks she can build a company around what? Did she create any tech? License somebody else’s tech? She got one of her Stanford engineering profs as an advisor or early board member and then continued to leverage that upward.
I remember in one of my freshman (age 18) introductory mechanical engineering courses we had to “design” a Mars lander. Did any of us drop out to create the next Space-X? The thought was so preposterous that it never even occurred to any of us.
REASON: Is there is anything to her vision of a cheap, protable, incredibly comprehensive, non-invasive blood testing .. .
CARREYOU: If she had been able to pull off, the company had been able to pull off what she claimed . . . it would have been an advance . . .
REASON: It’s a very appealing vision
CARREYOU: Right, it’s a logical one if the underlying technology exists and works . . . it never did at Theranos.
There’s still time to get in on the first round of investing for my new start-up. The company is Sun Wind Deliverance Yay! SuWinDelYa for short. Get in now, before it’s too late.
Looks like she was built in the same cyborg factory as Zuckerberg.
If you did a bit of research then you would know that while not likely to win a beauty contest she isn’t exactly ugly either, they are using terrible pictures of her now that she is persona-non-grata.
Doesn’t mean I’m a fan on the contrary she belongs in jail.
Looking at her once was all the research I needed. Ugly.
Thank you. I did not know this story.
I have a dear friend in Nigeria who happens to be a Prince and has a hundred million dollars waiting to be invested in the right opportunity. You’ll have to prove you are worthy though — an earnest money deposit of $100,000 should do the job. You can wire me the money and I’ll make sure my Prince friend gets it. Please FReepMail me for more particulars.
Ha! I’ve already contacted him directly. He’s wiring me five hundred trillion.
Dang! Hes been holding back on me, that scoundrel! Stabbed in the back again.
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