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Re:Theranos Lays Off Most of Its Remaining Workforce by vkou on Tuesday April 10, 2018 @02:12PM (#16803635)
They were doing fake it till you make it[1] - deceiving investors and their customers, while making a hail Mary R&D play at trying to make their technology work.

[1] Just to be clear, 'fake it till you make it' does not require deception. If you're up front about what you're doing with the people paying you, and are following the law, there is nothing wrong with doing things that don't scale.

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