The Real Reason Theranos Failed Spectacularly

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What happened? How did this company implode so spectacularly? And who is ultimately responsible? Let's find out!

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The company basically just promised something it couldn’t deliver. This is not the first time we’ve heard that story. Promising start-up falls short of expectations.

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But it was how the company and its leaders covered up the extent of their failure that really brought them down.

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They faked tests using commercially available machines, obscured the nature of their FDA status, and hid financial and medical records from partners and investors.

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It pretty much fraud 101. After the WSJ exposed their lies, the company was not long for this world.

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Not yet but the possibility is still very real. She was found guilty of 4 counts of wire fraud and the conspiracy to commit wire fraud. Her sentencing is September 26th, 2022.

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Tyler Shultz was the first to come forward against his former employer. He wasn’t the only whistleblower to come forward but he was the first to expose the company.

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The Real Reason Theranos Failed Spectacularly

What happened? How did this company implode so spectacularly? And who is ultimately responsible? Let's find out!

The company basically just promised something it couldn’t deliver. This is not the first time we’ve heard that story. Promising start-up falls short of expectations.

What was the Theranos Scandal?

But it was how the company and its leaders covered up the extent of their failure that really brought them down.

They faked tests using commercially available machines, obscured the nature of their FDA status, and hid financial and medical records from partners and investors.

It pretty much fraud 101. After the WSJ exposed their lies, the company was not long for this world.

Not yet but the possibility is still very real. She was found guilty of 4 counts of wire fraud and the conspiracy to commit wire fraud. Her sentencing is September 26th, 2022.

Did Elizabeth Holmes go to prison?

Tyler Shultz was the first to come forward against his former employer. He wasn’t the only whistleblower to come forward but he was the first to expose the company.

Who blew the whistle on Theranos?

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