The downfall of Theranos and Elizabeth Holmes

Why Evolution Is True

Many of you will know about the downfall of Theranos, the Silicon Valley company started by Elizabeth Holmes, who claimed to have devised a machine that could do multiple physiological tests on just a single drop of blood. It never really worked, even though investors (including Rupert Murdoch) pumped hundreds of millions of dollars into Holmes’s startup. At one time Theranos was worth over 9 billiondollars on paper.  Then her chicanery was uncovered and published by The Wall Street Journal.

Now Theranos, and Holmes, are bankrupt. And ten days ago, both Holmes and Theranos’s former president, Ramesh Balwani, were indicted for wire fraud: for deliberately lying to investors and the public. (For a brief period Theranos partnered with the pharmacy chain Walgreen’s in a blood-testing collaboration.)

This 31-minute video is an interview of John Carreyrou by Nick Gillespie of ReasonTV; Carreyrou was the Wall Street Journal reporter…

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