Enlarge / A worker picks up trash in front of the new logo in front of Meta’s headquarters on October 28, 2021, in Menlo Park, Calif. (credit: Justin Sullivan/Getty Images) After a year of stunning and damning revelations, Meta, formerly Facebook, is facing calls from investors to allow an independent assessment of the company’s audit […]
Enlarge / Theranos founder and former CEO Elizabeth Holmes, left, walks with her mother, Noel Holmes, as they arrive for Elizabeth Holmes’ trial at the Robert F. Peckham Federal Building on November 17, 2021, in San Jose, California. Holmes is facing charges of conspiracy and wire fraud for allegedly engaging in a multimillion-dollar scheme to […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Nov. 2, 2021. (credit: David Paul Morris/Bloomberg) We’ve noticed a recurring theme in the criminal trial of Elizabeth Sherlock holmes: most of Theranos’ investors didn’t do their homework before writing a check. But yesterday, the particular […]
Enlarge / Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the US District Courthouse in San Jose, California. (credit: Getty | Yichuan Cao ) On Monday, at the particular criminal trial of Elizabeth Holmes, Theranos investor Alan Eisenman walked into the courtroom and held aloft […]
Enlarge In 2006, Alan Eisenman invested more than $1 million in Theranos, a then-promising medical diagnostic company founded by college dropout Elizabeth Holmes. Holmes had told him that her company was talking with Morgan Stanley about an IPO in 12–18 months and that the company would bring in $200 million in revenue by 2008. For […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, Calif., on Tuesday, Oct. 12, 2021. (credit: David Paul Morris/Bloomberg ) The prosecution had an up-and-down day in courtroom yesterday during the criminal trial of Elizabeth Holmes, the founder of failed medical diagnostic startup Theranos. Judge Edward Davila ruled […]
Enlarge / Theranos founder Elizabeth Holmes speaks on stage during the closing session of the Clinton Global Initiative 2015 on September 29, 2015, in New York City. (credit: JP Yim/Getty Images) Silicon Valley loves unicorns, the privately held startups that surge to $1 billion valuations and beyond. By that measure, Theranos was a very special […]
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) There is a saying within the startup world that many companies try to fake it till they […]
Enlarge / Activision’s Los Angeles offices. (credit: Getty Images) A major activist investor group is putting public pressure on Activision Blizzard, saying that recent statements from the company regarding allegations of widespread harassment and discrimination “do not go nearly far enough to address the deep and widespread issues with equity, inclusion, and human capital management […]
Enlarge / The Apple Park campus stands in this aerial photograph taken above Cupertino in October 2019. (credit: Sam Hall/Bloomberg via Getty Images) In what is usually one of its slowest growth quarters in a given year, Apple today reported a nearly 50 percent year-over-year increase in iPhone sales, among other positive numbers that beat […]