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John Carreyrou: Theranos scandal is a cautionary tale

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John Carreyrou broke the Theranos story in the Wall Street Journal and wrote "Bad Blood," a book about the scandal. He talks with CNN's Julia Chatterley about the rise and fall of the biotech startup.
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Text Comments (9)
8gauge212 (25 days ago)
Silicon Valley is still the wild Wild West. Anyone can get caught slipping.
Joseph Smith (2 months ago)
It looks like the anchor is on cocaine... or some high doses of energy drinks...
Joseph Smith (2 months ago)
I bet Elizabeth Holmes is thinking about cracking John Carreyrou's nuts...
Izreal Zeus (2 months ago)
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Frank Gutowski (2 months ago)
The host thinks MDs know about blood testing. Not really. Interpreting results, yes. The science and methods underlying clinical chemistry, not so much. Holmes was both charismatic and evasive. Listening to her interviews, the latter was inescapable.
moviedude22 (23 days ago)
How is it possible when the board was stacked with such "intellects"?
Frank Gutowski (23 days ago)
Lily Chu She expertly leveraged famous names to attract others and to defraud investors. They were all buddies from the Hoover Institute. One is secretary of DOD.
Lily Chu (23 days ago)
They were "intellects" but if you read Carreyrou's book (and other articles by him/ others), none of them were medical researchers or even people involved in the healthcare industry. Sure, you had Bill Frist but to me, he is more Congressman than actual physician and things Frist has said make me doubt he knows much about medicine. None of the Silicon Valley venture capitalists or firms expert in healthcare invested in Theranos, probably because they were suspicious of what the company could actually do. Yet other investors were so dazzled by the board names, they didn't think deeply about this. It is striking that her entire board did not have a single woman on it despite being a woman-led company and that most were older, Caucasian males. It is well-known that people who are arrogant and expert in one field often think this makes them experts in another field. Some studies even suggest intellectuals may be more gullible than the average person. Another example would be the Bernie Madoff scandal, where lots of well-known, seemingly smart people got ripped off, investing because they saw other well-know people investing.
Frank Gutowski (2 months ago)
moviedude22 Her BOD was advisory. She controlled 99+% of the voting shares. In a deposition, G Schultz (possibly) stated that he didn’t think to question the tech. Presumably, nor did others. She lied to investors and to her BOD. Apparently, she got away without an audit committee. His grandson, Tyler, was the whistleblower who, with Carreyrou, started the company’s epic tumble.

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