An In-Depth Look At the Meteoric Rise And Spectacular Fall Of Elizabeth Holmes And Her Now Defunct Biotech Company Theranos [Part 11]
This is Part 1 of a 13 Part Series in which Killafornia Dreaming will be discussing the rise and fall of Elizabeth's Holmes of the now defunct biotech company Theranos. For more than a dozen years, Theranos worked tirelessly in an effort to develop a revolutionary new blood testing device that only needed a single drop of blood to run hundreds of different diagnostics that was compact enough that patients would be able to have a device in their very own home. Elizabeth was able to bring in millions upon millions of dollars from investors, not only getting Theranos to reach a peak valuation of $9 billion dollars, but also making herself the youngest self-made female billionaire in the world at the time. But despite all the hype and high powered investors and board members, the company turned out to be a house of cards that eventually would come tumbling down thanks to one pesky Wall Street Journal Investigative Reporter who spectacularly blew the roof off Theranos.
Bad Blood by John Carreyrou
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