Re:Elizabeth Holmes urged employees to hide Theranos’ lab eq...
by HWR_14 on Thursday September 30, 2021 @06:12AM
(#28704730)
>WeWork is different than Theroanos.
From my understanding, WeWork was more of a working business that was overvalued and had a lot of self-dealing with the CEO (which I would characterize as embezzling, but may not legally have been.) Theranos invested their money in trying to make an impossible product, lying and failing at it the whole time.
But I could be wrong, sensationalist news headlines and such.
People actually rented WeWork properties and got a valuable service.
The problem was more or less shenanigans on the Exec. side, and unsustainable financial situation.
In that case, the 'consumers' actually end up ahead, with a cheaper services than otherwise, then investors lost.