Bad blood: Theranos CEO charged with massive fraud The woman heralded as "the next Steve Jobs" has been charged with massive fraud, forced to pay a $500,000 fine and been stripped of control of the company she founded. Theranos CEO Elizabeth Holmes was once pictured on the front pages of numerous tech and business magazines as a future leader in the industry. At one point was …
(A.C. Clarke)
In this case, the investors just followed the money, assuming someone else had checked the magic. Holmes was happy to lead them along.
Technology will continue to give us great advances in medical diagnostics and treatment, but it takes a lot of work and time to make each little step. Theranos promised it all at once and right now -- that's usually not how science progresses.
Funny that it took a gumshoe from a traditional media outlet (an olde-timey newspaper, no less) to break the reality distortion field around this one. Ars Technica, El Reg, Wired, etc etc, why did the WSJ see through it and not you?
I'm also curious about how Theranos managed to recruit heavyweights (and not, generally, stupid people, even if you detest what they have done in public life) to the board of directors. I mean, I can't just call up Henry Kissinger and say "join my company". Very odd.
Dear Sir,
do you really wonder?
Can I just say that I read 3 articles on ElReg this morning, and I've had my share of bad English for the day... Outfits like ElReg simply regurgitate news (whether that news was already regurgitated or not) for us to swallow. I mean, why in the world would one use the word "artificial" as an adjective to the word "satellite"? Is it to indicate that there are also naturally occuring satellites? In a story about the Keppler Satellite??
It's clear that random people ran write for these media outfits. Nobody needs journalism training anymore... Any twat can write whatever he/she wants and publish it as well (I mean, look at me)... No need for making sure that, at least, the language is sound, never mind the actual contents of the publication.
So old-school journalism *still* is vital to the world, and I for one am happy to see it!
Regards,
Guus
@Guus,
Next time it goes dark outside (and isn't cloudy) nip out side and see if you can spot any natural satellites.
Several are visible to the naked eye, at worst you'll see one, but others are often visible. One is a *our* natural satellite, the others are our fellow satellites around the sun.
That really was an excellent series in the WSJ. What was really fascinating were the comments in the online edition. Ms Holmes had her staunch defenders all through the series, because: sexism, persecution of a visionary, big business is out to get her, etc.
@bobajob12
why did the WSJ see through it and not you?
El Reg seems to have covered this firm from over a couple of years ago...
https://search.theregister.co.uk/?q=Theranos&advanced=1&date=the+dawn+of+time&results_per_page=100
One would think such catastrophic events would alter the appearance of the CEO. I mean look at how Bill Gates aged like 10 years within 2 years around 1998/99, when US vs MSFT almost split MSFT in two companies. Nope. No grey hair, no wrinkles, no indication of stress at all, nothing. This CEO girl has apparently no ethics at all. She seemingly doesn't care. Next stop for her, start the next fraudulent over hyped gig.
Poor, stupid girl, maybe dropping out of college to start this company wasn't the best move after all.
The part I don't understand is where was the FDA in all this? Considering all the hoops most medical manufacturers have to jump through to get something as simple as a blood glucose monitor or wheelchair approved, where was the data on this company's products? We'd be better off if we replaced the FDA with an independent third party like UL or FM
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