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Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

wsj.com

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Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#141

Post by deepnotderp »

bspn wrote: post #85
slimsag wrote: post #44

Earlier quoted context omitted.

I was curious and googled a bit. Relevant part: > In the past year and a half, the grandson and grandfather have rarely spoken or seen one another, communicating mainly through lawyers, says Tyler Shultz. He and his parents have spent more than $400,000 on legal fees, he says. He didn’t attend his grandfather’s 95th birthday celebration in December. Ms. Holmes did. > “Fraud is not a trade secret,” says Mr. Shultz, wh…

Off topic: he's 95 years old?! I don't care how well connected he is, who thought it would be a good idea to have a nonagenarian on the board of a (supposedly) cutting edge health-tech company?!

Lmao Morris Chang would like a word with your ageism.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#142

Post by GabrielF00 »

SilasX wrote: post #115
eric_h wrote: post #88

Earlier quoted context omitted.

Yes, it's unfortunate that "fake it 'til you make it" became such a popular meme in SV et. al. There is value in that philosophy in some respects, but claiming that your medical tests are real and reliable when they are not most certainly does not fall under that particular umbrella.

Yes! I had previously noted how Holmes was, in many ways, taking the HN/SV memes seriously, in believing: - that an entire industry has been doing it wrong - that it can be fixed by a low-bureaucracy, Angel-funded startup - that once you have enough success you can just rewrite the laws that were slowing you down - that no one knows what they're doing anyway, major projects are 100% guesswork, and you should just "fa…

This actually sounds a lot like Donald Trump's campaign message.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#143

Post by pcurve »

cylinder wrote: post #41

So will Holmes go to prison? A green card holder in Texas was just​ sentenced to eight years in prison for voting in a US election. Surely Holmes will go away much longer right?

I hope you were kidding, but apparently not.

https://www.washingtonpost.com/news/post-nation/wp/2017/02/1...

What an abomination. 8 years in prison. They should really pat themselves on the back.

I bet $1000 if this lady committed the same crime in NJ, she wouldn't have faced any prison time.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#144

Post by seehafer »

mankash666 wrote: post #14

How is it always WSJ busting Theranos? is a competitor funding their "investigative journalism"? Not to say the article is untrue, just the super hard-on WSJ has for Theranos is mysterious.

Why, hello, Theranos employee and/or Tim Draper.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#145

Post by frik »

brilliantcode wrote: post #113

HN is on fire today. Zecco and now Theranos. I'm getting the feeling that we are going to see more and more stories like this in the near future. Theranos running fake tests is just another example of the type of charlatans enabled by socioeconomic lineage. > Theranos plans to offer investors shares in the company in exchange for them not filing lawsuits against the embattled blood-testing company. How far removed ca…

List of YCombinator companies: http://yclist.com/

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#146

Post by [deleted] »

floathub wrote: post #83
chromagnon wrote: post #8

I bet there are many other boardrooms around Silicon Valley who are panicking over this. There's so much pressure to be immediately profitable and show predictable year over year growth. How many have faked user trials or cooked the books in ways that would make Enron blush?

Look at facebook. 1.23 billion active daily users? Really? And this is published in financial and technical press with precious little skepticism. FB must be happily counting every single incidental embedded bit of javascript that phones home from a facebook logo on an otherwise unrelated site count as an active user. And then some. One in 6 people on the _planet_. Every day. Think about the boldness of saying that w…

[deleted]

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#147

Post by maverick_iceman »

floathub wrote: post #83
chromagnon wrote: post #8

I bet there are many other boardrooms around Silicon Valley who are panicking over this. There's so much pressure to be immediately profitable and show predictable year over year growth. How many have faked user trials or cooked the books in ways that would make Enron blush?

Look at facebook. 1.23 billion active daily users? Really? And this is published in financial and technical press with precious little skepticism. FB must be happily counting every single incidental embedded bit of javascript that phones home from a facebook logo on an otherwise unrelated site count as an active user. And then some. One in 6 people on the _planet_. Every day. Think about the boldness of saying that w…

That's not true. I'm pretty sure they only include people who has some interaction with the app, in phone the app needs to be in foreground.

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#149

Post by Nanite »

Nanite wrote: post #30
dpiers wrote: post #6

Earlier quoted context omitted.

Yes, they raised $350MM at a $9 billion valuation, and Holmes was hailed as the next Silicon Valley wunderkind.

Bit more actually, closer to $700M.

Why is this downvoted? it's true : https://www.crunchbase.com/organization/theranos#/entity

Re: Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings

#150

Post by DonHopkins »

dhimes wrote: post #125
bambax wrote: post #67

Earlier quoted context omitted.

> what the hell is wrong with Theranos that they seemed so focused on attacking anyone who questions them, rather than focusing on actually fixing the problem The problem is unfixable because it's a complete fraud. There is nothing. They're holding the fort for as long as possible, and it's amazing they've been able to hold it for so long.

You see this behavior in politics also.

You don't say? Can you cite any recent high profile examples of that kind of behavior in public officials?
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