Re:WeWTF
by danso on Saturday August 17, 2019 @02:29PM
(#20725472)
WeWork customers actually get the office space and amenities they pay for. Theranos customers were not getting finger-prick tests, and many of the tests ended up inaccurate anyway.
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That’s true too. The good news, I suppose, is that their customers haven’t put a lot on the line. Leaseholders and investors on the other hand, have. Thinking back to the scandals of the early 2000s, many of them were simply overestimating profits while extracting cash. Eventually the profits needed to appear so they went to accounting fraud.