CNN Business — Ramesh “Sunny” Balwani, the former chief operating officer of failed blood testing startup Theranos, was sentenced Wednesday to nearly 13 years in prison for fraud. It marks an end to the stunning downfall of a high-flying Silicon Valley company that resulted in the rare convictions of two tech executives. “There is an unfortunate saying in Silicon … Read more
Oct. 25, 2021 — The promise seemed too good to be true: Walk into your local drugstore, provide a few drops of blood via finger-prick, and get screened for hundreds of different diseases, quickly and cheaply. That’s what Silicon Valley startup Theranos, founded by Elizabeth Holmes, touted. As it turned out, it wasn’t true. Now … Read more
Oct. 25, 2021 — Once valued at over $9 billion dollars, it seemed like Theranos was going to change the world of routine blood testing. Their claim was revolutionary: Using blood from a finger prick, they could run over 200 different tests. With a trip to a local pharmacy, someone could get testing done without … Read more