Tech

Cherry-picking data was routine practice at Theranos, former lab worker says

Enlarge / Elizabeth Holmes, founder and former CEO of blood-testing and life sciences company Theranos, leaves the courthouse with her husband Billy Evans after the first day of her fraud trial in San Jose, California, on September 8, 2021. (credit: Nick Otto / AFP) At Theranos, lab techs would regularly omit two “outlier” data points […]

Tech

Theranos promised investors $1B in revenue despite internal projection of just $100M

Enlarge / Theranos founder Elizabeth Holmes collects her belongings after going through security at the Robert F. Peckham Federal Building with her defense team on August 31, 2021, in San Jose, California. (credit: Ethan Swope | Getty Images) Around the time that Theranos was losing nearly $2 million per day, investors in the blood-testing startup […]

Tech

“Failure is not a crime, ” Theranos founder’s lawyers tell jury

Enlarge / Theranos founder Elizabeth Holmes collects her belongings after going through security at the Robert F. Peckham Federal Building with her defense team on August 31, 2021 in San Jose, California. (credit: Ethan Swope | Getty Images) Elizabeth Holmes’ failure to make her blood-testing technology startup Theranos a viable business was not a crime, […]

Tech

Theranos founder Elizabeth Holmes on trial as jury selection begins

Enlarge / Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the US District Court House in San Jose, California. (credit: Getty | Yichuan Cao ) Nearly a decade ago, Theranos touted the revolutionary diagnostic device that could run myriad medical tests without having to draw […]