Tag: theranos

  • Theranos and Silicon Valley’s ‘Fake It Till You Make It’ Culture

    More than two years after a Wall Street Journal investigation exposed potential fraud at blood-testing startup Theranos, many of us have forgotten about the company. The Securities and Exchange Commission has not. Wednesday, the regulatory agency charged CEO Elizabeth Holmes and former President Ramesh Balwani with an “elaborate, years-long fraud in which they exaggerated or […]

  • Theranos gets $100 million in debt financing to carry it through 2018, with some caveats

    Theranos has secured $100 million in debt financing. Yes, someone gave the blood testing company known for handing out questionable test results money. First reported by Business Insider, the company reportedly told investors it had secured the money from Fortress Investment Group, a New York-based private equity firm that was acquired by Softbank earlier this year. […]