We Shouldn’t Be Surprised at the Theranos Fraud • Hacker News Board

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#11

Post by zeth___ » Thu, Jun 07, 2018, 1:21 AM UTC

Alex3917 wrote: post #2

During a bubble assets are overvalued even when everyone has the known facts. If a valuation is based on fraud then it's not indicative of a bubble.

The difference between fraud and development is a very small one. As Telsa motors will show in the next 9 months.

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#12

Post by keyle » Thu, Jun 07, 2018, 1:25 AM UTC

aphextron wrote: post #4

Those stupid scooters and e-bikes will be the Aeron chair of this cycle.

I'm still shopping for a good Aeron chair... I had one years ago and it was the best thing I've every put my tooshie on. Joke aside, a damn fine office chair.

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#13

Post by coldseattle » Thu, Jun 07, 2018, 1:26 AM UTC

Animats wrote: post #9

Please stop linking to this paywalled site. Thanks.

Please stop making these comments. If you don't like the site, don't comment.

@dang

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#14

Post by qop » Thu, Jun 07, 2018, 1:26 AM UTC

Who's surprised? I don't think most people are surprised, but rather frustrated and disenchanted about medical technology and medical innovation outside of university.

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#15

Post by Rescis » Thu, Jun 07, 2018, 1:31 AM UTC

Animats wrote: post #9

Please stop linking to this paywalled site. Thanks.

Atleast on mobile, I experience no paywall.

What system are you using?

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#16

Post by chasontherobot » Thu, Jun 07, 2018, 1:31 AM UTC

Animats wrote: post #9

Please stop linking to this paywalled site. Thanks.

I don't believe nautil.us is paywalled? Wasn't for me, anyway.

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#17

Post by hawkice » Thu, Jun 07, 2018, 1:32 AM UTC

zeth___ wrote: post #11

Alex3917 wrote: post #2

During a bubble assets are overvalued even when everyone has the known facts. If a valuation is based on fraud then it's not indicative of a bubble.

The difference between fraud and development is a very small one. As Telsa motors will show in the next 9 months.

The difference between truth and falsehood matters quite a lot to the people buying and selling securities. Whether you think it matters or not, it definitely determines price, and does so independently of a bubble.

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#18

Post by ezzaf » Thu, Jun 07, 2018, 1:45 AM UTC

This snippet is amazing:

"Theranos kept up the illusion that they were running a lot of the tests from finger-stick blood draws by hacking the Siemens machines to work with small samples"

No wonder they had so many inaccurate test results.

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#19

Post by pseingatl » Thu, Jun 07, 2018, 1:55 AM UTC

But we can be very surprised at the disparity in treatment between Theranos execs, who got off scott free, and Pharma Bro, who made all his investors whole and still got prison.

Re: We Shouldn’t Be Surprised at the Theranos Fraud

#20

Post by tptacek » Thu, Jun 07, 2018, 1:58 AM UTC

The book is really good, well-written and paced like a thriller. I never paid any attention to Theranos during its heyday, and it was especially interesting after reading it to go back to the old HN threads about it and see what the community here predicted about it.