The Downfall of Elizabeth Holmes, a Silicon Valley Superstar
Last month Elizabeth Holmes, former CEO of Theranos Inc. was found guilty on three counts of fraud and another count of conspiracy to commit fraud. This has been a fascinating story of one of the largest frauds committed in Silicon Valley.
Instructions: Read the following WSJ article to see a timeline of this story. There are numerous other related stories embedded should you wish to follow them. Also check out the HBO trailer video link below and comment on your impressions of this fraud. There is no required length here. I just want you to be exposed to this case. Submit your response by Monday, 2/14/22.
A Theranos Timeline: The Downfall of Elizabeth Holmes, a Silicon Valley Superstar
https://www(dot)wsj(dot)com/articles/a-theranos-timeline-the-downfall-of-elizabeth-holmes-a-silicon-valley-superstar-11631576110?mod=series_theranos
HBO Documentary Trailer: The Inventor - Out For Blood in Silicon Valley
https://www(dot)youtube(dot)com/watch?v=wtDaP18OGfw
A Theranos Timeline: The Downfall of Elizabeth Holmes, a Silicon Valley Superstar
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A Theranos Timeline: The Downfall of Elizabeth Holmes, a Silicon Valley Superstar
At 19 years, Elizabeth Holmes had promised the world a revolution in preventive medicine. She claimed that a miniaturized machine she had invented could map out our health with only a single drop of blood (Randazo, 2021). Elizabeth’s company, Theranos, was considered a unicorn startup of Silicon Valley, and she was the female version of Steve Jobs. Her revolutionary charm attracted wealthy investors who made the company worth 9 billion and its founder the youngest self-made female billionaire (Randazo, 2021). Around 2013, Theranos secured partnerships with Capital Blue Cross, Cleveland Clinic, and Walgreens that propagated her company’s agenda (Randazo, 2021).
To keep the faulty invention a secret, Theranos operated in stealth. The offices had bulletproof windows; those visiting the headquarters had to sign a non-disclosure agreement and were escorted everywhere withi...