Finshots: Why didn't smart investors, directors and other employees call this bluff earlier? What took them so long? Well you could pin the blame on many things. Maybe it was holmes's ability to spin beautiful narratives. But perhaps the biggest reason is simply formo, or the fear of missing out. Finshots daily is available on a bunch of streaming platform such as portify, apple podcas and google podcas.
This week, Elizabeth Holmes, the founder of Theranos was found guilty of 4 counts of fraud in a US court. And in today’s episode for 7th January 2022, we explain how a Silicon Valley-based startup that promised to revolutionise blood testing crashed and burned.