Both Elizabeth and the company’s COO are currently facing serious jail time for wire fraud. In also covers the war Theranos waged as the walls slowly started closing in on their fraud. While a number of articles have profiled the big issues - they were lying, duh - Bad Blood does a deep dive into the company’s culture and the thousand small decisions that preceded Theranos’ downfall. It’s a saga that ensnared a range of tech, legal, political and other industry leaders such as Henry Kissinger, Rupert Murdoch, and our current Secretary of Defense John Mattis. Over the course of a decade, it ballooned to a valuation of almost $10 billion, but within a few short years was defunct once it became clear their technology was not what they claimed. It claimed to offer faster, cheaper blood tests from just a pinprick of blood ( see their demonstration on YouTube), as opposed to traditional methods which require needles, lab equipment and technicians. For the Detailed Chapter-By-Chapter Summary, click here or scroll all the way down.īad Blood covers the fall of Theranos, a startup that was founded by Stanford drop-out Elizabeth Holmes when she was nineteen.
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