The Rise and Fall of Theranos

Theranos, founded by Elizabeth Holmes in the mid-2010s, aimed to revolutionize healthcare by offering inexpensive blood tests requiring only a few drops of blood. This innovative approach attracted significant attention and investment, suggesting widespread access to vital health information for millions of Americans through partnerships with stores like Walgreens. However, the company's ambitious claims were ultimately unfounded, leading to a critical exposé by The Wall Street Journal that revealed serious flaws in Theranos' technology and management. This scandal not only led to the company's downfall but also raised wider concerns about the ethical practices within Silicon Valley's startup culture.