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The growth virus can infect century-old corporations the same as SV startups Ranjan here, and I’d like to talk to you about Theranos. I’ve long been obsessed with this story, to the point of a borderline creepy fascination with Sunny Balwani back in 2016. John Carreyrou’s Bad Blood was one of the best books from…
During Theranos’s final days, Holmes was wearing white fur and partying in the desert. Oh, and her dog-wolf, Balto—the one who pooped all over the office? That story just keeps getting weirder. February 26, 2019 6:39 pm Elizabeth Holmes in New York City in 2015. By Taylor Hill/Getty Images. By the end of…
THREE years ago, Walgreens (b. 1901) arrived in Silicon Valley for the same reason many old economy companies do: to hurry and join the digital vanguard before it was left behind. Walgreens quickly made a deal with Theranos (b. 2004), the medical diagnostics company and media darling that promised a revolutionary approach to blood tests….
Russia is threatening the “liberal international order”: Biden went after Putin directly, and said he’s using “every tool” in his power to whittle away at Europe and undermine Western democracies. Biden also warned that he expects Russia to meddle in the many European elections being held later this year. “The top 1% is not carrying…
Your Post Has Been Launched! Fabulous! Don’t forget to share with your friends on Twitter and Facebook. The troubled blood testing company Theranos has announced another 155 layoffs, just months after cutting 340 staff in October. In total the company, which was once one of the country’s most valuable tech startups, has cut about 70%…
The troubled blood testing company Theranos has announced another 155 layoffs, just months after cutting 340 staff in October. In total the company, which was once one of the country’s most valuable tech startups, has cut about 70% of its staff in the last three months. Theranos said about 220 employees will remain in the…
They led to changes in medical treatment and a scramble for answers; some patients weren’t told for months about unreliable results By Christopher Weaver Sheri Ackert worried she might have a new tumor. Steve Hammons stopped taking his blood-thinning medication. Kimberly Toy emptied the pasta and sweets from her cupboards and said: “I can’t believe this…
For our stakeholders, After many months spent assessing our strengths and addressing our weaknesses, we have moved to structure our company around the model best aligned with our core values and mission. We have decided to close our clinical labs and Theranos Wellness Centers, which will impact approximately 340 employees in Arizona, California, and Pennsylvania. …
Photo Elizabeth Holmes, the founder and chief executive of Theranos, has seen her personal wealth fall from $4.5 billion to zero. Credit Brendan McDermid/Reuters United States regulators have banned Elizabeth Holmes, the chief executive of Theranos, from owning or operating a medical laboratory for at least two years, in a major setback for the embattled…
America’s richest self-made woman is broke. On June 1, Forbes went viral when it downgraded its estimation of Elizabeth Holmes’ wealth from $4.5 billion to zero. The magazine argued that Theranos, the embattled biotech company Holmes founded, should no longer be valued at $9 billion. Therano’s new valuation of $800 million meant Holmes’ 50% common…