happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 20,851
|
Theranos
Aug 30, 2021 11:00:10 GMT -5
via mobile
Post by happyhoix on Aug 30, 2021 11:00:10 GMT -5
I don’t know if anyone else has kept up with Elizabeth Holmes and Theranos. It’s a long story (there’s a good podcast out there about it, The Dropout). In short - she claimed she had invented a magic box that could test a single drop of blood and detect hundreds of parameters. They even created some faux machines to put in drug stores ( they never worked). Holmes was the CEO and Balwani the COO and her boyfriend. Starting at age 19, Holmes raised more than 700 million from venture capitalists and private investors. It was valued at 10 billion at it’s peak, then it became public that the tech was bullshit and the company imploded.
Holmes and Balwani are currently on trial for fraud and conspiracy to commit wire fraud. Her defense is apparently going to be that Balwani used ‘intimate partner abuse’ against her, and she had no idea the gadget didn’t work.
This is blatant bullshit. But she’s cute and white and blonde, I hope she isn’t able to play cute and dumb to slide out of this. She’s broke, now, though, so I don’t know that she’ll be able to pay anyone back.
|
|