Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by x0x0 on Wednesday March 14, 2018 @03:55PM
(#16587746)
The last para is even crazier.
> Ms. Holmes and Balwani falsely claimed to investors [...] and that Theranos would generate more than $100 million in revenues in 2014, the SEC said in its complaints. In fact, the company’s revenues were a little more than $100,000 that year.
I couldn't figure out why investors were putting all that money in. Telling them you were making $100m makes the investments make a hell of a lot more sense.
What's 3 orders of magnitude between friends? She deserves prison time for this.
> Ms. Holmes and Balwani falsely claimed to investors [...] and that Theranos would generate more than $100 million in revenues in 2014, the SEC said in its complaints. In fact, the company’s revenues were a little more than $100,000 that year.
I couldn't figure out why investors were putting all that money in. Telling them you were making $100m makes the investments make a hell of a lot more sense.
What's 3 orders of magnitude between friends? She deserves prison time for this.